The Mainstreaming of Marx: Measuring the Effect of the Russian Revolution on Karl Marx’s Influence
Karl Marx’s high academic stature outside of economics diverges sharply from his peripheral influence within the discipline, particularly after nineteenth-century developments rendered the labor theory of value obsolete. We hypothesize that the 1917 Russian Revolution is responsible for elevating Ma...
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| Veröffentlicht in: | The Journal of political economy 2023-06, Vol.131 (6), p.1507-1545 |
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| container_title | The Journal of political economy |
| container_volume | 131 |
| creator | Magness, Phillip W. Makovi, Michael |
| description | Karl Marx’s high academic stature outside of economics diverges sharply from his peripheral influence within the discipline, particularly after nineteenth-century developments rendered the labor theory of value obsolete. We hypothesize that the 1917 Russian Revolution is responsible for elevating Marx into the academic mainstream. Using the synthetic control method, we construct a counterfactual for Marx’s citation patterns in Google Ngram data. This allows us to predict how often Marx would have been cited if the Russian Revolution had not happened. We find a significant treatment effect, meaning that Marx’s academic stature today owes a substantial debt to political happenstance. |
| doi_str_mv | 10.1086/722933 |
| format | Article |
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| ispartof | The Journal of political economy, 2023-06, Vol.131 (6), p.1507-1545 |
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| source | EBSCOhost Business Source Complete; University of Chicago Press Journals (Full run) |
| subjects | Marxismus Politische Unruhen Russisch Welt Zitationsanalyse |
| title | The Mainstreaming of Marx: Measuring the Effect of the Russian Revolution on Karl Marx’s Influence |
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