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.
Was Karl Marx a Public-Choice Theorist?
By Michael C. Munger
This
article
appeared in
the Spring 2020 issue of The Independent Review.
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