ABSTRACT
Thorstein Veblen saw himself as an economic theorist and he continued his critique of economic theories with his reviews of Fisher, Clark, marginal utility, and his lectures on Marx. In 1909, Veblen published an article entitled "The Limitations of Marginal Utility". Fisher was a conservative economist; he was also a gifted mathematician, and a pioneer in several types of economics, particularly monetarism, for his contributions to which he has won the praises of Milton Freedman. It is his theory of distribution that is the centerpiece of Clark's work. Although it was the publication of Clark's Essentials of Economic Theory that occasioned this article, it is his theory of distribution to which Veblen gives the greatest emphasis. Marx was both a propagandist and an economic theorist and the two aspects are often confused, but not by Marx; his economic theory can stand alone, apart from any propagandistic use made of it.
