The Socialist Economics of Karl Marx and His Followers

<p><strong>There is no system of economic theory more logical than that of Marx.</strong></p><p><br></p><p>The Socialist Economics of Karl Marx and His Followers is a two parts essay giving a historical overview on Karl Marx's theories on socialism and the Marxism later developed by his followers. Also included in this volume is Some Neglected Points in the Theory of Socialism a bold essay linking the popularity of socialism with the decrease in relative wealth and selected book reviews by Veblen.</p><p><br></p><p><strong>Thorstein Veblen</strong> was an American economist and social scientist who made important contributions to the study of economic institutions and the study of social class. He is best known for his book <em>The Theory of the Leisure Class</em> which introduced the term conspicuous consumption.</p><p><br></p>