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The true law of economics is chance, and we learned people arbitrarily seize on a few moments and establish them as laws.
Karl Marx
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Interpretation

What this quote means

Economic laws are often based on arbitrary events rather than fixed principles.

In this quote, Karl Marx highlights that what is often considered the 'laws' of economics are merely conclusions drawn from random occurrences rather than universally applicable truths. He argues that learned individuals selectively elevate certain moments of chance into established rules, reflecting a deeper critique of how economic theory can be misrepresented or oversimplified.

Themes

EconomicsLawsChanceArbitraryPrinciples

In practice

Example use cases

In a lecture on the unpredictability of markets, one might quote Marx to emphasize that economic outcomes are often coincidental.

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