Marx was the theorist of economic growth par excellence. He concieved of the capitalist economy as an inherently expansionary system having an inner logic of its own. It was his purpose to discover the abstract and general principles underlying the operation of this form of society and the contradictions it entailed, so as to account for its process of change and supersession. Out of this scientific endeavor, Marx developed an integrated system of analysis with a distinctive method and quite specific formulation of the laws of motion of the capitalist economy. Others, after Marx, have attempted to elaborate upon and develop further this system of analysis, recognizing the changing conditions of capitalism as it develops. Specific elements of Marx's own formulation as concerns, for instance, the law of the falling tendency of the rate of profit and a tendency of the organic composition of capital to rise, are subject to an ongoing debate within the Marxian tradition. The system of analysis is also incomplete in some of its essentials. Nevertheless, the Marxian system remains today as a powerful basis upon which to construct a theory of growth of the capitalist economy appropriate to modern conditions. Accordingly, an attempt is made below (see Chapters 3 and 10) to develop some elements of the Marxian theoretical system that are relevant to this purpose.
What a surprise.
If you’re a Marxist, you have to keep it hidden so nobody knows about it.
BUMP! Great parenting skill for the Camel and the dysfunctional family man, JoeJoe. Speaking of...where were Berrie’s parents? Where were Billie”s. I guess takes a village, right Hillaryous?
Retires as professor emeritus at Stanford a mere 22 years after receiving his BA. But it’s the whites that are privileged. When I took econ courses from a professor emeritus she had been around long enough to literally have been one of my mom’s favorite professors a generation earlier. She was great, but she’d earned her rank.
That apple didn’t fall very far from the tree.
Her dad, Donald Harris, brags about being a descendant of one of Jamaica’s biggest slave owners. Her mom, Shyamala Gopalan, is a Brahmin in India’s rigid caste system. IOW, her people are the oppressors.
And it showed in her draconian, oppressive prosecutorial record as a DA and as California Attorney General.
Saving
Six years later he received a Doctor of Philosophy degree from the University of California- Berkeley. He retired from Stanford as a professor emeritus of economics in 1982.What? He got a degree in Philosophy to teach economics? What happened to an economics degree like AOC has? Haha.