Posts Tagged ‘Marx’

Marx was right all along, says investment bank

by Michael Burke.

Well, not quite. But a recent study by leading investment bank Credit Suisse shows that long-term growth rates of GDP in selected industrialised economies are negatively correlated with financial returns to shareholders. That is, the best returns for shareholders are from countries where GDP growth has been slowest, and vice versa. Where growth has been […]

Greenspan versus Marx

by David Osler.

A lot of people on the free market right have a simplistic two-word explanation for why the world economy is currently close to the edge of a frighteningly steep cliff: Alan Greenspan. Throw those Marxist and Keynesian textbooks out the window, people. We are where we are because the former chairman of the Federal Reserve responded […]

Marxist economics – not there to guide capitalists

by David Osler.

Like a fourteen year old schoolgirl using the F-word in front of her parents or anyone expressing mild aversion to opera at a north London dinner party, certain capitalist commentators revel in the shock value of adducing Marx in support of their macroeconomic prescriptions. In recent weeks, we have seen George Magnus, senior economic advisor […]

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