Benefits Quote by Kenneth Rogoff

Most of Marx's predictions have failed to materialize, and his labor theory of value and other ideas have been proven wrong. Marx failed to…

— Mark Skousen

A crackpot theory. Instead of saying labor's exploited, as Marx did, Kelso says capital's exploited. It's worse than Marx. It's Marx stood on its…

— Milton Friedman

Marx saw that capitalism is a wasteful, irrational system, a system which controls us when we should be controlling it. That insight is still…

— Peter Singer

Marx's writings still have something to teach us about capitalism. They have little or nothing to teach us about any alternatives to it. Anyone…

— Allen W. Wood

You have read and heard that communist theory-the science of communism created in the main by Marx, this doctrine of Marxism-has ceased to be…

— Vladimir Lenin

Karl Marx left it to others to find the way beyond capitalism to a higher form of society. He saw his role as giving…

— Allen W. Wood

Karl Marx was right, socialism works, it is just that he had the wrong species

— Anonymous

Marx saw exploitation in terms of the rewards of human labor, but we can see it in terms of all the values of our…

— Charles A. Reich

As far as Marx's analysis of capitalism, there's a lot of very useful ideas in it, but he's developing an abstract model of 19th…

— Noam Chomsky

The most compelling confirmation of Marx's theory of history is late capitalist society. There is a sense in which this case is becoming truer…

— Terry Eagleton

Modern capitalism benefited the masses in a double way - both by greatly increasing the wages of the masses of workers and greatly reducing…

— Henry Hazlitt

Marx, as we have seen, solved it by declaring capital to be a different thing from product, and maintaining that it belonged to society…

— Benjamin Tucker