Phil Magness has spent the last several days being inundated by leftoid sneed after publishing a paper in a top econ journal, the Journal of Political Economy, demonstrating that positive citations and overall academic influence for Karl Marx skyrocket after 1917, when the Soviets seized Russia, and that this effect is robust relative to a synthetic control (a standard modern econometric test). Despite their frequent sneering jibes against "muh free marketplace of ideas," Twitter leftoids took this as a grave affront: surely Marx must be so influential because he's a unique giga-brain genius who won out on sheer intellectual brilliance! Jeet Heer, John Ganz, and Jamelle Bouie have all taken turns seething at Phil over this, along with many others - Phil's Twitter timeline is a goldmine of sneethe, if you care to dig in.
Economist Demonstrates Marx Was Launched by 1917 Russian Revolution; Twittards and Marxoids Screech, Cope, and Seethe
- 48
- 85
Top Poster of the Day:
J
Current Registered Users: 25,697
BROWSE EFFORTPOSTS
SITE GUIDE
HOLES
PING GROUPS
Live commit: ba2e18b
Jump in the discussion.
No email address required.
Minor post Riccardian economically, but a big deal sociologically. Luther didn't found the church of England but he started the process type shiet
The test Marxian economics fails is simple. Labor theory of value cannot explain more than prices in a one sector economy. It is a special case that cannot be generalized.
Jump in the discussion.
No email address required.
More options
Context