John Kerry Cartoon

John Kerry Cartoon

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Did Karl Marx Get Anything Right?

I have blogged on here before about how the elite left is still obsessed with Karl Marx and thinks he should be given another chance. This fact is even more mind boggling when you consider that economically speaking Karl Marx is seen as a complete failure. A simple basic economics course will dispel any hope that Karl Marx can be successfully implemented. He is such a failure that a couple economists are having a hard time listing his positives. To see this exchange read Brad Delongs post , Professor of Economics at UC Berkeley. He asks simply for five one-sentence bullet points listing his positives. Tyler Cowen, Professor of Economics at George Mason University, tries to list some positives here . Although he concludes with, Of course marxism, as a political program, remains dangerous nonsense. Marx's blind spots were enormous, and I still cannot understand how generations of the intelligentsia were taken in by the whole thing. Can somebody please convey this message to those ...
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Education Vs. Education Funding

The Wall Street Journal has a good article dealing with the complete disconnect between more money for education and the performance of education. Here are some interesting facts, ...whatever the problem with education, it's not caused by any unwillingness to throw more money at it. Between 1997 and 2002, state and local governments increased K-12 spending by 39%. Even after adjusting for inflation and growth in pupil enrollment, real spending was up nearly 17%. And it went up in every state, even those with strict tax and spending limits. When we cross-referenced spending increases with the National Assessment of Educational Progress reading scores, we found virtually no link between spending and performance. According to these same tests, fewer than a third of fourth-graders are proficient in reading, math, science or American history. The results are a direct refutation of the We Need More Spending chorus. Even a quick glance shows that the results are all over the map: Some s...
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