Bogus academics or misinterpretation? Piketty's claims on Marx

Authors

  • Juan Pablo Mateo Universidad de Valladolid

Keywords:

Marxist economics, productivity, wages, profit rate

Abstract

This article subjects to critical analysis the set of statements T. Piketty attributed to K. Marx in his already famous work The capital of the XXI century, ranging from general methodological aspects, through specific issues relating to both technology of production and the sphere of distribution, to the law of the downward trend in the rate of profit. These controversies are relevant because much of the same questions are common place for those who have not read Marx, and in turn suffer from a lack of academic ethics when they prioritize disqualification over rigorous debate. Thus, this paper demonstrates Piketty´s mistakes not only from original sources, but also from reasoning with respect to the global aspects of Marx´s economic theory

Published

2021-05-30

How to Cite

Mateo, J. P. (2021). Bogus academics or misinterpretation? Piketty’s claims on Marx. Journal of Critical Economics, 1(23), 26–42. Retrieved from https://revistaeconomiacritica.org/index.php/rec/article/view/130