The economics profession under capitalist rule has suffered and American economist Ruccio lists many of there failures. The problem, of course, which Ruccio only alludes to, is one that Humpty Dumpty recognized long ago through the words of Lewis Carroll in Through the Looking Glass.
“The question is,” said Humpty Dumpty, “which is to be master—that’s all.”Because capitalists eventually took control of most advanced countries, they refused to adopt Marxist oriented economics because it undermined all capitalist class propaganda. As Ismael Hossein-Zadeh argues in an essay entitled "Marx on Financial Bubbles: Much Keener Insights Than Contemporary Economists", Marx could explain current economic events much better than most contemporary economists.
