Karl Marx and Milton Friedman: bedfellows in thought

Donald C. Wellington and Sourushe Zandvakili

International Journal of Social Economics, 2007, vol. 34, issue 6, 425-432

Abstract: Purpose - The paper aims to offer a viewpoint that economic surplus is a notion shared by economists as diverse as Karl Marx and Milton Friedman. Design/methodology/approach - The paper is an interpretation and critique of the literature of the work by Marx and Friedman. Findings - The paper finds the two men's respective writings bear out the commonality while recognizing that they drew radically different implications from their common perception. Elucidating the commonality is a worthwhile exercise even though the elucidation might not interest the broad range of economists. Originality/value - The paper expresses a viewpoint that economic surplus is a notion shared by diverse economists.

Keywords: Entrepreneurs; Capitalist systems (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:eme:ijsepp:v:34:y:2007:i:6:p:425-432

DOI: 10.1108/03068290710751830

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