You are correct that Marx is important in the HISTORY of economics (and it's idealogical cousin, political economy) but he has contributed almost nothing to mod

You are correct that Marx is important in the HISTORY of economics (and it's idealogical cousin, political economy) but he has contributed almost nothing to modern economics. When he wrote a 150 years ago he understood little of what you would learn in a freshman intro to economics class. For example, his most famous belief that all value is derived from labor is so simplistic and clearly wrong as to be absurd (try responding to this post without capital). The UMass Amherst economics department describes itself as a center for "heterodox" economics[1]. Look up the definition of that word and tell me again how they are mainstream. BTW - I found Engles to be much more lucid than Marx's rather archaic prose. He is still almost completely wrong but at least his meaning is clearer. [1] http://www.umass.edu/economics/facjobs.html http://www.umass.edu/economics/facjobs.html