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Marxian critique of political economy |
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Outlines of a Critique of Political Economy is an article by Friedrich Engels, first published in German in 1843 for the Deutsch-Französische Jahrbücher.[1][2]
The article has significance in relation to Marx's critique of political economy, Engels like Marx, goes on to compare economists with theologians by referring to Adam Smith as the economic Luther.[3]
The inconsistency and ambiguity of liberal economics must of necessity dissolve again into its basic components. Just as theology must either regress to blind faith or progress towards free philosophy, free trade must produce the restoration of monopolies on the one hand and the abolition of private property on the other.