Daron Acemoglu is a Crypto-Marxist

[Doug Mounce]

"Not that that's necessarily a bad thing"

https://substack.com/home/post/p-202983246

I appreciate Nicholas Decker who writes the Homo Economicus although I rarely understand the technical references or models.  In this post he reviews the problems and politics regarding production and capital measures as they were addressed in the 1950's-60's.  One reason Lonergan's two-flows has a difficult threshold . . .

"As [Robert] Solow said [1960's], “If God had meant there to be more than two factors of production, He would have made it easier for us to draw three-dimensional diagrams”."

. . .

"Nevertheless, there has been a recent return of Marxist economics in the form of some very good papers. . . .

" Acemoglu and Restrepo (2026) is a paper which shook up how I think about automation.. . .

" More explicitly inspired by Marx, Fukui, Nakamura, and Steinsson (2026) consider what happens if capital can invest into simplifying jobs. . . .

" Marxist economics is like Austrian economics today. It carries with it such a connotation of sloppy philosophizing that very few competent people are willing to be associated with it. And yet, it is possible for good work to be done in the tradition of it, without explicitly acknowledging it to be the case."

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https://staff.washington.edu/mounce/