8 Pages Posted: 2 Oct 2014 Last revised: 10 May 2015

Date Written: September 7, 2014

Abstract

Has Marxism inadvertently contributed to the perpetuation of the capitalist mode of production? David Ellerman answers in the affirmative. In this paper I endeavor to demonstrate that Ellerman's position stems from a fundamental misunderstanding of Karl Marx and Friedrich Engels's critique of capital.