Tuesday, 13 Mar 2018 01:01 PM
Adam Smith (1723-1790) and Karl Marx (1818-1883) were extremely influential economic philosophers. Both remain secular patron saints today, Smith for capitalists, and Marx for communists. (Some critics jest that atheistic communists believe “there is no God, and Marx was his true prophet.”)
Smith and Marx had much to say but have been ill-served by uncritical followers. Marx complained, quoting Heinrich Heine, that “I have sown dragons’ teeth and harvested fleas.”
The most unfortunate thing about them today is that they deflect attention from an American whose ideas deserve serious attention.