Relevant and even prescient commentary on news, politics and the economy.

The Unknown Unknown Marx

– By Tom Walker “The Unknown Unknown Marx,” EconoSpeak Toward the end of his 1968 essay, “The Unknown Marx,” Martin Nicolaus quoted Marx’s enumeration of four barriers to production under capital that “expose the basis of overproduction, the fundamental contradiction of developed capital.” Nicolaus qualified what Marx meant by overproduction to be “[not] simply ‘excess inventory’; […]