58 SOCIAL SCIENTIST 5 PA Baran and P M Sweezy, Monopoly Capital, Pelican, p 234. 6 K Marx, Capital, Moscow, Progress Publishers, 1974, Vol III, Part III, Ch. XV, pp 264-264. 7 Ibid. 8 Marx, Capital, Vol III, p 194. 9 Schumpeter, to my knowledge, never conceded that he owed any intellectual debt to Marx. Indeed in his introduction to the Japanese edition of his Theory of Economic Development, which Professor Chakravarty quotes in his footnole 25, Schumpeter explicitly states that the similarities between his ideas and Marx's were not clear to him "at the outset". But given the fact of these similarities which he acknowledges in the same paragraph of the introduction, and his'undoubtedly early exposure to Marx (Bohm-Bawerk, we must not forget, had written his Karl MarXy and the close of His System in 1896), it is possible to surmise that he had absorbed several ideas from Marx without perhaps being aware of this fact. 10 See for instance her "Philosophy of Price" in Collected Economic Papers, Vol II, Oxford, 1975, p 37. 11 Chakravarty, op city p 26. 12 For the concept of ideology used in this context as well as the relationship between ideology and economic theory, see Maurice Dobb, Theories of Value and Distribution since Adam Smithy Cambridge, 1973, especially Ch. 1. 13 Ghakravarty, op cit, p 27. 14 Schumpeter, "Karl Marx"; in Ten Great Economists^ 0 Ij P paperback, 1969, P 38. 15 Ibid, p40. 16 The possible Schumpeterian counter-argument here that capitalists with zero time-preference would even curtail consumption to keep accumulating jntil profits vanish is obviously specious. 17 Karl Marx, Capital, Lawrence and Wishart, Vol I, p 620. 18 This is clearly stated for example in his essay on "Karl Marx", in Ten Great Economists, p 27. 19 Joan Robinson, "Marx, Marshall and Keynes", in op cit, p 8. 20 Schumpeter's insistence on full employment had the curious effect of making depression appear very attractive from the workers' point of view. See on tins Oscar Lange's review of Schuinpeter's Business Cycles, in Review of Economics and Statistics, 1941. 21 Chakravarty, op cit, pp 31-32. 22 A Marshall, Principles of Economics, 8th Edn, pp 710-711. For this point as well as for a sketch of a Marshallian growth theory based on his Principles, see Joan Robinson, op cit, pp 16-26. • 23 Oskar Lange, Political Economy, Vol I.