[PEN-L:29964] Re: Re: Varian quotes Marx

[Michael Perelman <michael@xxxxxxxxxxxxxxxxx>]

What is amazing is that most economists are certain that Marx laid out a
blueprint for socialism.  So Varian's comment would not appear as ignorant
at a meeting of the American Economic Association.

>
> Yes, and later this distinguished economist writes:
>
> >Other economic engineering projects have not fared so well, with the
> >California electricity market being a notorious example. The "famous
> >economist" quoted above was Karl Marx, who also had ideas about
> >economic design that ended disastrously.
>
> Marx as economic designer? The things you learn reading the NYT!
>
> Doug
>

--
Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
E-Mail michael@xxxxxxxxxxxxxxxxx