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Eh, Marx was as much a German thinker as a Russian one and as far as I know is similar popular in the governing circles of both countries.
by generic on Tue Feb 24th, 2015 at 10:26:50 AM EST
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I though Marx was very popular in Germany.
German soldiers used broomsticks painted black instead of guns during a joint Nato exercise last year due to severe equipment shortages, it has emerged.
You did mean Groucho, didn't you?
by gk (gk (gk quattro due due sette @gmail.com)) on Tue Feb 24th, 2015 at 10:31:24 AM EST
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So Marx is popular and an important part of the thinking of the CDU? I don't doubt that Marx is embraced by many in the Russian government, but not, so far as I can see, when it comes to how the Central Bank is run, though. I don't know how much he had to say, if anything, about the role of central banks.

I am partial to the post Marxist economists I have read, such as Nitzan and Bichler's Capital as Power and Varoufakis' Global Minotaur and, back in the '60s I found the writings of 'Marxist' English historians such as Chris Hill on the English Revolution and Civil War and E. H. Carr's classic on international relations, The Twenty Year Crisis 1919-1939, to be the most cogent analyses I found on their respective subjects. More recently I have found Eric Hobswam's works on the long 19th and short 20th centuries, and on our current period quite informative and a pleasure to read. I have never waded through Capital, nor do I consider myself a Marxist, but I do value Marx, especially his social analysis, as a Sociologist.

"It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Tue Feb 24th, 2015 at 11:20:07 AM EST
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I don't doubt that Marx is embraced by many in the Russian government,

Why? What makes you think that?

by generic on Tue Feb 24th, 2015 at 01:25:13 PM EST
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Just that until 1990 or so most Soviet university graduates were taught Marx. Many didn't like the indoctrination, but there were many for whom it formed the basis of their world view, even while they were highly dissatisfied with the legacy of Lenin and, especially, Stalin. I think it unbalanced to dismiss the idealism that some, not just Gorbachev, displayed, the belief that socialism could be rescued. This view is not popular with conservatives, but I likely could find support in the writings of Stephen F. Cohen, for example.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Tue Feb 24th, 2015 at 01:56:30 PM EST
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Methinks being taught Marx applies to virtually every 45+ economist in post-East-Bloc countries who now advocate neo-liberalism. And by every indication, Russia's economic policy today is a version of neo-liberalism, even if it differs in details from the EU or the US version.

If I may bring my sector as example, while the USA always was private railways owning train and track, and Europe now tries re-privatisation via open access and franchising, Russia embarked in recent years on partial or full IPOs of separated-out company branches, including almost the entire freight transport.

*Lunatic*, n.
One whose delusions are out of fashion.

by DoDo on Tue Feb 24th, 2015 at 02:07:00 PM EST
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"Under a cloud", as I said. And there is money to be had via neo-liberal reforms that is irresistable to politicians. But Putin has had to rein in some of these newly created oligarchs, and I doubt that none remain in government that believed there could be a better socialism, let alone in academia.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Tue Feb 24th, 2015 at 03:00:31 PM EST
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Family on Wall Street tell me that Marx was incredibly popular there circa 2007. People were reading him (as if) for the first time.
by Upstate NY on Tue Feb 24th, 2015 at 02:10:42 PM EST
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Try Varoufakis's (with two coauthors) Modern Political Economics which has a section devoted to Marx's economics, including what he got right and also what he got wrong.
by gk (gk (gk quattro due due sette @gmail.com)) on Tue Feb 24th, 2015 at 03:32:39 PM EST
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It has been on my list to buy - when I can find a reasonably priced hard copy.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Tue Feb 24th, 2015 at 04:10:13 PM EST
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The first part deals with how societies functioned in antiquity, before coins and money were developed - temple and palace based records of account, drawing on Thorstein Veblin, Lewis Mumford and Michael Kalecki.  the split of political economics into economics and political science and the consequences. Capital as Power is organized as a comparative history of economic thought going through such topics as the theory of prices, labor theory of value, productivity, what are the factors of production, etc. with a critique of Classical, Neo-Classical and Marxist views emphasizing the limitations of each. None them can really even explain adequately how prices are determined, or where profits are derived, in part because they all leave out the aspect of power. For Nitzan and Bichler, capital is the embodiment of power, the ability to creatively reorder society so as to serve the interests of the capitalists. In more traditional societies this was the role of the kings and/or priests. The book is now available free from the Nitzan Bichler Archives at York University in Canada, though I paid close to $50 for it in 2010.
   

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Tue Feb 24th, 2015 at 07:55:16 PM EST
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