Pioneers in economics. 23 :. Sect. 2, The golden age of classical economics. Karl Marx (1818 - 1883)

Whether or not we reject the Marxist schema there is little doubt that Marx was a great economist. The three volumes of Capital, contain some pieces of remarkable economic analysis from which modern economists can still learn; however difficult he is to read, there are moments when, like Ricardo and Walras, he can revel in the abstract power of economic reasoning.