Long thread.
Some of you know that I am writing a book on how economists from Quesnay, to Smith, Ricardo, Marx, Pareto and Kuznets, and then those during the Cold War economics in East and West and in the Third World perceived & studied economic inequality. All chapters are fun.
Some of you know that I am writing a book on how economists from Quesnay, to Smith, Ricardo, Marx, Pareto and Kuznets, and then those during the Cold War economics in East and West and in the Third World perceived & studied economic inequality. All chapters are fun.
When the Cold War chapter will be finished (title: The Eclipse) it will be super critical of neoclassics. (They better be worried :-) But it is not ready yet & for now I have drafts of the first 5 chapters, from Quesnay to Pareto. Given the current situation with travel, I would
prefer to present some chapters online now in order to get comments rather quickly than to wait for future hypothetical seminars.
The most difficult chapter to write (& probably the most controversial) is on Marx. Smith comes next. I had received written comments from 4 readers
The most difficult chapter to write (& probably the most controversial) is on Marx. Smith comes next. I had received written comments from 4 readers
and presented an early version of it in my class. But I would like to get many more (tough) comments.
So if some graduate students or faculty are interested in having a 90m seminar and discussion on how Marx (in all his works) thought and treated economic inequality I would be
So if some graduate students or faculty are interested in having a 90m seminar and discussion on how Marx (in all his works) thought and treated economic inequality I would be
delighted to give such a talk.
My requirement is that majority of participants (say 10 out of 15) have some familiarity with Marx's essential concepts. It is not worth wasting time by defining labor-power, constant K, organic composition of K, or the rate of surplus value.
My requirement is that majority of participants (say 10 out of 15) have some familiarity with Marx's essential concepts. It is not worth wasting time by defining labor-power, constant K, organic composition of K, or the rate of surplus value.
But I will also *not* discuss many difficult topics such as alienation, commodity fetishism, the transformation problem, labor theory of value, conditions for balanced growth etc. I am entirely focused on income inequality & income distribution. Just FYI, the sections are:
1.Marx’s multinational and multi-religious background; 2.Wealth and income inequality in England and Germany at the time of Karl Marx;
3.{Marx's key terms; to be skipped]
4.Class structure
5.Labor and wages
6. Capital and the tendency of the rate of profit to fall
3.{Marx's key terms; to be skipped]
4.Class structure
5.Labor and wages
6. Capital and the tendency of the rate of profit to fall
7. Marx’s overall view of evolution of inequality: brighter than usually supposed
8. Politicization of Marx
9. Transition to Pareto & inter-personal income inequality.
If you are interested to organize such a talk (by zoom), pl. let me know, I would love to have an engaged
8. Politicization of Marx
9. Transition to Pareto & inter-personal income inequality.
If you are interested to organize such a talk (by zoom), pl. let me know, I would love to have an engaged
audience who would not just listen, but would interrupt me when they feel like and actively agree and disagree. After all, Marx cannot be taught like Marshall.
You can write to me here (tweet), DM me, or send me an email (the address can be easily found on the Web). Thanks!
You can write to me here (tweet), DM me, or send me an email (the address can be easily found on the Web). Thanks!
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