Marx Died a Loser. Lenin Made Him a Legend. - Phil Magness
About this episode
John Papola interviews economic historian Phil Magness about Karl Marx's ideas and their impact on the world and academia.
I sat down with economic historian Phil Magness to give Karl Marx the fairest hearing we could, and then find out how his ideas took over half the world and most of modern academia. We get into: * The historical context of Karl Marx’s writings * Why surplus value theory made intuitive sense and why it’s wrong * How the iPhone launch disproves Marx’s labor theory of value * The unlikely story of how Lenin and the Bolsheviks took over Russia * Stalin, Trotsky, and the “real communism was never tried” folks * How Soviet propaganda helped resurrect Marx in the West * Why Marx is read in every academic field… except economics * How to minimize cost and Marxist indoctrination in college _____________________________________ Follow Phil Magness on X (formerly Twitter): https://x.com/PhilWMagness?s=20 Learn more about Phil’s work: https://philmagness.com/ _____________________________________ Outline: [0:00] The “best” of Karl Marx [11:21] What was Marx’s actual vision? [15:24] Socialism Before Marx [24:50] Is “capitalism” a slur? [28:54] What’s the moral argument for land ownership? [35:23] Labor theory vs subjective value [46:07] Why Marx was left behind [52:53] Marx’s math doesn’t…
More episodes of Dad Saves America
- Everyone Hates AI Data Centers. Here's Why They're (Mostly) Wrong.
- Mamdani's Own Mom: "He Is Not an American AT ALL”
- The 1619 Project Wasn’t About Race. It Was an Attack on Capitalism. - Phil Magness
- The Real Reason Gen Z Doesn’t Care About 1776
- “It Began With a Gigantic Lie” - Harvard Western Civ Professor Resigns
- Our Government Was Never Meant to Look Like This
Explore listener stats, chart rankings, contacts and more on the Dad Saves America podcast page.