As of the year 2018, there has only been one economic thinker like Karl Marx. Although not very many currently-practicing economists (and practically none in North America) subscribe to a Marxian perspective, every economic thinker that we have dealt with since the mid-19th century was love him or hate him – profoundly aware of his works and ideas. None of them were Marxists per se. At a fairly general level, contrast the main ideas of Marx with those of the first generation of marginalists, Marshall and Walras, Marshall, and the institutionalists. In most cases, the contrasts are quite sharp. On the other hand, while the institutionalists were, in their day, frequently labelled as Marxists, that is not really a fair rap.
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