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by xyzzyz
1550 days ago
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> It sounds like you mean to say that Smith, Ricardo, and Bastiat are more popular in casual online discussions of economics or economic history, because they aren't any more relevant to contemporary academic economics than Marx is. No, I meant exactly what I said. Ricardian theory of comparative advantage, for example, remains being part of foundation of modern understanding of international trade. Every economics textbook teaches it. Same with Bastiat’s broken window fallacy. If their writings don’t get explicit citations in published papers, it’s for the same reason Pythagoras or Euclid don’t get citations in modern mathematics either: their results are so foundational that everyone knows them. > If anything, extending the our gaze beyond the realm of the contemporary field of economics would reveal that Marx far outpaces these other names in citation value. Of course, people keep citing Marx. Not economists though, or if they do, not favorably. |
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Ah, well then I will continue to be puzzled by your response - i.e. why you think any of the classical "economists" you've named are so much better qualified than Marx to critique Malthus (going back to the original premise of this discussion).
Adam Smith is, of course, famous for being the first "economist," but his legacy isn't the result of him being particularly accurate (nor are his actual economic views very clear or citation-worthy). What did Bastiat even produce that could be cited by economists today? Of course the broken window fallacy is popular in Econ. 101 textbooks, as well as with the Austrians and in the free-market blogosphere, but it's not citable research. Ricardo was a seminal figure in the development of modern economic thought, but he was also a product of his era who was wildly wrong about lots of things. Moreover, Marx was familiar with his work, both adopting and critiquing parts of it throughout his career, so it seems a bit peculiar to lionize Ricardo while portraying Marx as incapable of offering a critique of Malthus.