"Whatever the influence of Mill may be, Marxian economics is still today attempting to explain highly complex orders of interaction in terms of single causal effects like mechanical phenomena rather than as prototypes of those self-ordering processes which give us access to the explanation of highly complex phenomena. It deserves mention however that, as Joachim Reig has pointed out (in his Introduction to the Spanish translation of E. von Bohm-Bawerk's essay on Marx's theory of exploitation (1976)), it would seem that after learning of the works of Jevons and Menger, Karl Marx himself completely abandoned further work on capital. If so, his followers were evidently not so wise as he."
Quote Details
Added by wikiquote-import-bot
Unverified quote
0 likes
Original Language: English
Available Languages (1)
Sources
Friedrich Hayek, The Fatal Conceit (1988), Appendix B: The Complexity of Problems of Human Interaction
https://en.wikiquote.org/wiki/Karl_Marx
Revision History
No revisions have been submitted for this quote.
Categories
Karl Marx
1818 – 1883
deutscher Journalist, Ökonom, Gesellschaftswissenschaftler und Philosoph
539 quotes on TrueQuotesView all quotes by Karl Marx →
Related Quotes
"The property-owning class and the class of the proletariat represent the same human self-alienation. But the former f…"
"Sell a man a fish, he eats for a day, teach a man how to fish, he eats for the rest of his life."
"Lincoln is not the product of a popular revolution. This plebeian, who worked his way up from stone-breaker to Senato…"
"The South has conquered nothing — but a graveyard."
"Lincoln's proclamation is even more important than the . Lincoln is a sui generis figure in the annals of history. He…"
"Lincoln's place in the history of the United States and of mankind will, nevertheless, be next to that of Washington!"
"It might otherwise appear paradoxical that money can be replaced by worthless paper; but that the slightest alloying …"
"The economic concept of value does not occur in antiquity."
"It is impossible to pursue this nonsense any further."
"Is a fixed income not a good thing? Does not everyone love to count on a sure thing? Especially every petty-bourgeois…"