Karl Marx Was a Public-Choice Theorist
By Michael C. Munger
Marx was often wrong on factual and theoretical grounds, and his prophecies and prescriptions were a disaster. His critique of capitalism in democracies, however, offers useful insights about ironic political coalitions; interest groups and collective action; and rent seeking and antitrust.
|Other Independent Review articles by Michael C. Munger|
|Spring 2020||Hayek and the Evolution of Capitalism|
|Spring 2020||Must Politics Be War?:Restoring Our Trust in the Open Society|
|Winter 2019/20||Institutional and Organizational Analysis:Concepts and Applications|
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