Monday, November 04, 2024

This is my position too

From Amazon

From Marginal Revolution today (a comment).

Have you ever heard of Schumpeter saying he was as impatient with those who could not get beyond Marxism as he was with those who could not even get as far as Marxism?

"In his book Capitalism, Socialism, and Democracy (1942), Schumpeter remarked that Marx had created a powerful framework for understanding capitalism, even if he saw Marx's predictions as ultimately flawed. Schumpeter found value in grappling with Marx’s ideas and believed they deserved serious consideration, which led him to criticize both extremes: those who dismissed Marx without understanding his insights, and those who rigidly adhered to Marxist doctrine without adapting it to new realities.

The quote you're referencing captures Schumpeter's view that intellectual engagement with Marxism is valuable, even if one ultimately disagrees with it. Schumpeter was critical of shallow rejections of Marxism just as much as of dogmatic adherence, advocating instead for a nuanced understanding of Marx’s contributions and limitations."

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