# Multimedia 

Multimedia 

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Cato Weekly Podcast • August 1, 2022 

# How the Academy Rehabilitated Karl Marx 

Karl Marx made serious contributions to the field of economics, but they don’t justify his strangely elevated status in American university courses. Phil Magness with the American Institute for Economic Research details how the Soviets and universities rehabilitated the academic reputation of Karl Marx.

[![Creative Commons License](/build/cato_2020/images/creative-commons.svg)](http://creativecommons.org/licenses/by-nc-sa/4.0/) 
This work is licensed under a [Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License](https://creativecommons.org/licenses/by-nc-sa/4.0/). 

##### Featuring 

![P_W_Magness_1255cropped](/sites/cato.org/files/styles/author_picture/public/2022-08/P_W_Magness_1255cropped.jpg?itok=FpjkQ2nM) 

##### Phillip W. Magness 

Hayek Chair in Economics and Economic History, American Institute for Economic Research

[![Square face shot of Caleb O. Brown.](/sites/cato.org/files/styles/author_picture/public/2021-01/cbrown_sq.jpg?itok=zSWLm8kR)](/people/caleb-o-brown) 

##### [Caleb O. Brown](/people/caleb-o-brown)

Former Director of Multimedia, Host and Executive Producer, *Cato Daily Podcast*, Cato Institute