Introduction It has become almost an article of faith among economists that a key reason for the demise of the Soviet economic system, and of “really existing socialism” more broadly, was its i
Tag: Innovation-led growth
Would Marx Approve This Year’s Nobel?
Innovation won the Nobel this year. Joel Mokyr, Philippe Aghion, and Peter Howitt were honored for a simple engine: invention plus incentives plus diffusion equals growth. Marx wouldn’t quarrel w