Karl Marx and Milton Friedman: bedfellows in thought
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
Citation
Wellington, D.C. and Zandvakili, S. (2007), "Karl Marx and Milton Friedman: bedfellows in thought", International Journal of Social Economics, Vol. 34 No. 6, pp. 425-432. https://doi.org/10.1108/03068290710751830
Publisher
:Emerald Group Publishing Limited
Copyright © 2007, Emerald Group Publishing Limited