American economics departments don’t teach Karl Marx or Arthur Laffer for the same reason: their economic theories were wrong ...

The economic theories of both Karl Marx and Arthur Laffer are largely considered incorrect by mainstream economists. Laffer's theory, known as the Laffer Curve, incorrectly predicted that tax cuts ...

This column was originally published on the Ball State University Center for Business and Economic Research Weekly Commentary blog. By Michael J. Hicks December 14, 2025 American economics departments ...

Paul Mattick, Business As Usual: The Economic Crisis and the Failure of Capitalism. London: Reaktion Books, 2011. David McNally, Global Slump: The Economics and Politics of Crisis and Resistance.

Karl Marx passed away in London on March 14, 1883. While his funeral was a quiet affair, his ideas went on to shape ...