Tag Archives: Performativity

Marx on the performativity of economics

“These laws, which A. Smith, Say, and Ricardo, have developed, these laws grow more true, more exact, then cease to be mere abstractions, in the same measure in which Free Trade is carried out…Thus it can justly be said, that the economists – Ricardo and others- know more about society as it will be, than about society as it is. If you wish to read in the book of the future, open Smith, Say, Ricardo” (Karl Marx ‘Speech on Free Trade’, Northern Star, 9 October 1847, quoted in Keith Tribe (2015), The Economy of the Word, Oxford University Press, 171).

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