Ten Great Economists From Marx to Keynes.

Ten Great Economists From Marx to Keynes.

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O M I S T S rise and fall. The whole of Max Weber’s2 facts and arguments fits perfectly into Marx’s system. Social groups and classes and the ways in which these groups or classes explain to themselves their own existence, location, and behavior were of course what interested him most. He poured the vials of his most bilious wrath on the historians who took those attitudes and their verbalizations (the ideologies or, as Pareto would have said, derivations) at their face value and who tried to

conditions for it in the most Marxian manner conceivable, distinct action would still be necessary to bring it about. This of course is in accordance with Marx’s teaching. His revolution is but the particular garb in which his imagination liked to clothe that action. The emphasis on violence is perhaps understandable in one who in his formative years had experienced all the excitement of 1848 and who was, though quite able to despise revolutionary ideology, yet never able to shake off its

work, and he continued to work until his life’s task had been done and his strength had failed. In 1892 he retired from his chair, but maintained his connection with the University as Honorarprofessor. He continued to work in his small apartment in a house near Clarens. There he died on January 4, 1910. 76 T E N G R E AT E C O N O M I S T S I have to report on only one other external matter: the shadow which the indifference to his written work threw on the last thirty years of his life. It

change— in terms of an organic, irreversible process. And something of the flavor of it he imparted to his theorems and concepts and still more to the factual observations with which he presented them. I do not think that the theory of evolution at the back of them was satisfactory. No schema can be that does not go beyond an automatic expansion of markets—an expansion not otherwise motivated than by increase of population and by saving—which then induces internal and external economies that in

and how much merely to chance. It is not only that academic pontificality, that assertiveness of fundamental creed, that unreasonable sensitiveness to criticism which both of them displayed. There is more. Both developed methods which they were extremely reluctant to publish as such. They liked to keep their blueprints to themselves. They worked out results 104 T E N G R E AT E C O N O M I S T S fail to admire the particular message. I confess that few things are so irritating to me as is the

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