By Me: J. Bradford DeLong:
- (1995): Hobsbawm's Age of Extremes
- (2005): Lire le Capital: Mail Call
- (2005): Unstructured Procrastination: https://delong.typepad.com/sdj/2005/08/unstructured_pr.html
- (2006): Introducing Serious, Permanent Bugs into Your Wetware
- (2007): Why Everybody Should Be Short Louis Althusser and His Intellectual Children
- (2007): Keynes, Marx, Trotsky, Yglesias: https://delong.typepad.com/sdj/2007/01/keynes_marx_tro.html
- (2008): Relevance of Marx: https://www.bradford-delong.com/2008/03/afternoon-coffe.html
- (2008): Evaluating Karl Marx as Political Activist: https://delong.typepad.com/sdj/2008/03/evaluating-karl.html
- (2009): Department of "Huh?": In Praise of Neoclassical Economics
- (2009): Economic Realities and the Marx Mystique
- (2011): Marx's Half-Baked Crisis Theory and His Theories of Surplus Value, Chapter 17
- (2011): What Was Karl Marx's Principal Contribution?: https://delong.typepad.com/sdj/2011/04/what-was-karl-marxs-principal-contribution.html
- (2011): Why, Thank You Mike Begg: Yes, the Argument Back in 2009 That Fiscal Expansion Would Lead to Large Rises in Interest Rates and Be Offset by Crowding Out Was Simply Wrong
- (2014): Marx and the Mechanical Turk
- (2014): Marx Was Blind to the System's Ingenuity and Ability to Reinvent
- (2016): Which Thinkers Will Define Our Future?
- (2016): Communism and Really Existing Socialism: A Reading List for Post-Millennials
The world is divided into those who take Karl Marx's work seriously and those who do not. Those who do not take Karl Marx's lifetime work-project seriously are further divided into three groups:
- Those who ignore Marx completely. Of them there is, of course, nothing to say.
- Those who use selected snippets from his work as Holy Texts. The late Louis Althusser can serve as our example and principal poster child. And I will leave him to Michael Berube and Bill Lazonick.
- Those modern "western Marxists" who find inspiration in the works that Karl Marx wrote exclusively before he was thirty. Chris Bertram provides as good an example as any. He recommends that people start by discussing the Manifesto; and then go back to the impenetrable and jargon-filled Economic and Philosophical Manuscripts, "Theses on Feuerbach", The German Ideology, and "On the Jewish Question" written he was 25-28. Maybe read the Preface to A Contribution to the Critique of Political Economy, written when he was 30-38, maybe not. And add on two paragraphs--ripped from their context--from his written-at-57 "A Critique of the Gotha Program*. The "western Marxists" still floating around today have decided that Marx's life and work end at 30. It seems to me that that is as damning a judgment of his lifetime project as the one made by those who ignore him completely.
Then, on the other hand, there is us. We--people like Joan Robinson, Paul Samuelson, and me--take Karl Marx throughout his life as a mighty and mightily flawed thinker, worth grappling with and treating with respect. The Eighteenth Brumaire--and how its analysis of the relation between economic classes, economic interests, political fractions, and the coming of the Second Empire dictatorship in France over 1848-1852 was wrong? The Grundrisse. The rest of A Contribution to the Critique of Political Economy. Theories of Surplus Value. Capital, vols. I, II, and III:
- https://www.opendemocracy.net/article/what-was-communism 2009-10-16 : What Was Communism?
- https://crookedtimber.org/2006/10/31/can-social-democracy-explain-its-own-success/ 2006-10-31 : Can Social Democracy Explain Its Own Success?
- https://delong.typepad.com/sdj/2006/09/main_currents_o.html 1974-03-01 : Main Currents of Marxism: Leszek Kolakowski tells English historian E.P. Thompson what he thinks of him...
- https://delong.typepad.com/sdj/2013/10/robert-paul-wolff-on-paul-samuelson-on-karl-marx-thursday-whiskey-tango-foxtrot-bang-query-bang-query-weblogging.html https://www.jstor.org/stable/1823476 1962-03-01 : On Paul Samuelson on Karl Marx
- https://delong.typepad.com/sdj/2013/07/joan-robinson-open-letter-from-a-keynesian-to-a-marxist-tuesday-sixty-years-ago-on-the-non-internet-weblogging.html 1953-07-30 : Joan Robinson: Open letter from a Keynesian to a Marxist
- https://db.tt/ZqZJDcBd 1940-06-01 To the Finland Station
- https://delong.typepad.com/sdj/2010/03/karl-marx-on-says-law-theories-of-surplus-value-chapter-17.html 1863-01-01 : On Say's Law: Theories of Surplus-Value, Chapter 17
- https://en.wikipedia.org/wiki/Karl_Marx : Karl Marx
- Suresh Naidu (2014): What Marx Really Meant
- Richard J. Evans (2016): [ Reviewing ‘Karl Marx’ by Jonathan Sperber]
Marx did not divide himself into those three. But we find it useful to do so:
Marx the Economist:
- Among the very first to get the industrial revolution right and understand what it meant for human possibilities and human destiny.
- Got a lot about the economic history of the development of modern capitalism in England right--very much worth grappling with as an economic historian of 1500-1850.
- Believed, probably wrongly, that a capitaliist market economy with wage labor is an insult to humanity, delivered low utility, and was sociologically and psychologically unsustainable.
- Believed, certainly wrongly that a capitalist market economy with wage labor was incapable of delivering an acceptable distribution of income.
- Among the very first to recognize that the fever-fits of financial crisis and depression that afflict modern market economies were not a passing phase but rather a deep and chronic malady of the system.
Now we modern neoliberals respond that (5) on the business cycle we have economic policy quinine to manage if not banish the disease, (4) Beveridgism or Myrdahlism--social democracy, progressive income taxes, a very large and well-established safety net, public education to a high standard, channels for upward mobility, and all the panoply of the twentieth-century social-democratic mixed-economy democratic state--can keep capitalist prosperity must be accompanied by great inequality and misery, and (3) a market economy can easily be a good thing even if a market society generally is not, and that the forecast of utopia--that we jumped-up monkeys with big brains will become perfectly happy--belongs in the Book of Daniel or of the Apocalypse, not in political economy. Whether our responses are convincing is for you to judge.
Marx the Activist:
Marx the political activist had five reasons he thought it necessary and possible to work to overthrow the capitalist market economy and socialize the means of production, believing that:
- Technological progress and capital accumulation that raised average labor productivity also lowered the working-class wage.
- Globalization inherently increased inequality in the world economy's core and hence raised pressure for working-class revolution.
- While previous systems of hierarchy and domination had hypnotize the poor into believing that the rich in some sense "deserved" their high seats, capitalism replaced masked exploitation by naked exploitation--and without ideological legitimation, unequal class society could not long survive.
- Even though the ruling class could appease the working class by sharing the fruits of economic growth, they could not organize themselves to do so. Hence social democracy would inevitably collapse before an ideologically-based right-wing assault, income inequality would rise, and the system would be overthrown. (The Wall Street Journal editorial page works day and night 365 days a year to make this one of Marx's predictions come true. But I think they will fail.)
- Factory work would lead people to develop a sense of their common interest and of class solidarity, hence they would be able to organize, and revolt, and establish a free and just society in a way that they could not back in the old days, when the peasants of this village were suspicious of the peasants of the next village. Here I think Marx mistook a passing phase for an enduring trend: active working-class consciousness as a primary source of loyalty and political allegiance was never that strong; nation and ethnos seem to trump class much more often than not.
Thus I conclude that while there is a lot in Marx-the-economist worth grappling with and thinking about, there is very little in Marx the political activist that is worth paying attention to today.
Marx the Prophet:
Let's listen to a sample:
Great Britain['s]... aristocracy wanted to conquer [India], the moneyocracy to plunder it, and the millocracy to undersell it.... Now the... millocracy...intend now drawing a net of railroads over India... [to] extract... the cotton and other raw materials for their manufactures.... The railway-system will therefore become, in India, truly the forerunner of modern industry.... All the English bourgeoisie may be forced to do will neither emancipate nor materially mend the social condition of the mass of the people.... But what they will not fail to do is to lay down the material premises to do so].... Has the bourgeoisie ever done more? Has it ever effected a progress without dragging individuals and people through blood and dirt, through misery and degradation?.... When a great social revolution shall have mastered the results of the bourgeois epoch... and subjected them to the common control of the most advanced peoples, then only will human progress cease to resemble that hideous, pagan idol, who would not drink the nectar but from the skulls of the slain...
Were live in this fallen sublunary sphere. In it, the New Jerusalem does not descend from the clouds "prepared as a Bride adorned for her Husband." In it, a Great Voice does not declare:
I shall wipe away all tears from their eyes; and there shall be no more death, neither sorrow, nor crying, neither shall there be any more pain: for the former things are passed away...
But Marx clearly thought at some level that they would.
He never got to the island of Patmos on which John the Divine lived. But there is a sense that he, too, got too much into the magic mushrooms.
- This File: https://www.bradford-delong.com/2016/12/communismresources-a-reading-list.html
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- Communism/Resources: A Reading List https://www.bradford-delong.com/2016/08/communismresources-a-reading-list.html 2016-08-12
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