Good thing Quote by Murray Rothbard
“There is one good thing about Marx: he was not a Keynesian.”
About This Quote
Marx’s critique of capitalism differs fundamentally from Keynesian economics, highlighting distinct ideological foundations.
In simple terms: Marx and Keynes disagree on economics.
Key Takeaway
Recognize differing economic philosophies.
Themes
economics
political theory
history
Mood
analytical
critical
Type
philosophical
educational
When to use this quote
- academic debate
- policy analysis
- educational curricula
Key Concepts
capitalism
Marxism
Keynesianism
Questions to Reflect On
- How do Marx’s critiques apply today?
- What can Keynesian policies learn from Marx?
A Different Perspective
Marx’s ideas may be outdated for modern economies.
![“You could be disqualified for a job [at Harvard] if you were either smart or Jewish or Keynesian. So what chance did this smart, Jewish, Keynesian have?” quote by Paul Samuelson](https://sms4smile.com/quotes/img-quotes/d4d/paul-samuelson-9078_chance_you-could-be-disqualified-for-a-job-at-h_1226635.jpg)
![“In some ways the most striking novelty in Keynesian doctrine was that (abstracting from effects on foreign trade) an all-round reduction in wages would not reduce unemployment and (introducing Kalecki’s elaboration) would actually be likely to increase it. [p. 129]” quote by Joan Robinson](https://sms4smile.com/quotes/img-quotes/e9b/joan-robinson-11438_keynes_in-some-ways-the-most-striking-novelty-i_628471.jpg)
