Marxian economics defies epistemology and ontology, and so is unfalsifiable, making it not even wrong. Next month I will post several posts taking to task the labour theory of value, exploitation of labour theory, capital accumulation as formulated by Marx and the theory of the declining rate of profit. Each of these will get a separate post.
Also forthcoming will be posts about historical attempts to apply Marxian theory (or subsequent bastardisations of it) in building total state and democratic socialism with a view to attaining communism. This discounts places like Argentina, Somalia and India. I'll be covering the Soviet Union, China, Ethiopia, Angola, Venezuela and Zimbabwe, one post each.
March against Marx, people!
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