Top three economists ever?
To me, the best economists over the past three centuries are Adam Smith in the 18th century, Karl Marx in the 19th century, and John Maynard Keynes in the 20th century!
To me, the best economists over the past three centuries are Adam Smith in the 18th century, Karl Marx in the 19th century, and John Maynard Keynes in the 20th century!
Karl Marx is cherished in China as the father of communism but condemned in America as a villain for the same reason.
China has proven that he was mostly correct, after all!
In this post, I will end my series on Karl Marx (i.e., my last three posts) with a resounding conclusion: Karl Marx has proven correct, mostly! One primary reason: China is back, offering a significant model of [modest] prosperity, without colonialism. China is essentially Marxist.
In my last post (Karl Marx), I highlighted Karl Marx. In this post, I will highlight his works in a nutshell: a societal development model, as shown above. Let me explain this model by focusing on the three boxes in the bottom layer …