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* "...we are now in the fourth month of the law year and you have already drawn 280 talers [~$5,040]. I have not yet earned that much this winter."<ref>[http://www.marxists.org/archive/marx/letters/papa/1838-fl1.htm Letter from Heinrich Marx to son Karl], February 10, 1838, in Karl Marx and Friedrich Engels, ''[http://www.marxists.org/archive/marx/works/cw/ Collected Works]'' (Moscow: Progress Publishers, 1975), [http://www.marxists.org/archive/marx/works/cw/volume01/index.htm Vol. I] (Trans. Robert Dixon), pp. 691-694</ref>
 
* "...we are now in the fourth month of the law year and you have already drawn 280 talers [~$5,040]. I have not yet earned that much this winter."<ref>[http://www.marxists.org/archive/marx/letters/papa/1838-fl1.htm Letter from Heinrich Marx to son Karl], February 10, 1838, in Karl Marx and Friedrich Engels, ''[http://www.marxists.org/archive/marx/works/cw/ Collected Works]'' (Moscow: Progress Publishers, 1975), [http://www.marxists.org/archive/marx/works/cw/volume01/index.htm Vol. I] (Trans. Robert Dixon), pp. 691-694</ref>
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If the young Marx's money woes were due to immaturity, in this regard he he never grew up. "Marx was perpetually in debt, thanks largely to a disastrous combination of traits in his own character," writes Hugh Griffith: "an incorrigible hopelessness with money, together with a refusal to stop spending when it ran out."<ref>Hugh Griffith, ''[http://books.google.com/books?id=IyD9s6VVc-wC Karl Marx & Friedrich Engels]'' (Collector's Library, 2009) ISBN 1905716737, p. 10</ref> "Marx, the economist of the proletarian class," writes economist Yuri Maltsev, "was hardly what we would call a sound financial administrator."<ref>Yuri N. Maltsev, ''[http://books.google.com/books?id=gx0X4NvNE_gC Requiem for Marx]'' (Auburn, AL: Ludwig Von Mises Institute, 1993) ISBN 1610161165, p. 101</ref> As Sowell observes:
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If the young Marx's money woes were due to immaturity, in this regard he he never grew up. "Marx was perpetually in debt, thanks largely to a disastrous combination of traits in his own character," writes Hugh Griffith: "an incorrigible hopelessness with money, together with a refusal to stop spending when it ran out."<ref>Hugh Griffith, ''[http://books.google.com/books?id=IyD9s6VVc-wC Karl Marx & Friedrich Engels]'' (Collector's Library, 2009) ISBN 1905716737, p. 10</ref> "Marx, the economist of the proletarian class," writes former Soviet economist Yuri Maltsev, "was hardly what we would call a sound financial administrator."<ref>Yuri N. Maltsev, ''[http://books.google.com/books?id=gx0X4NvNE_gC Requiem for Marx]'' (Auburn, AL: Ludwig Von Mises Institute, 1993) ISBN 1610161165, p. 101</ref> As Sowell observes:
 
{{cquote|Running left-wing movements has always been the prerogative of spoiled rich kids. This pattern goes all the way back to the days when an over-indulged and affluent young man named Karl Marx combined with another over-indulged youth from a wealthy family named Friedrich Engels to create the Communist ideology.<ref>Thomas Sowell, ''[http://books.google.com/books?id=jJ22AAAAIAAJ Is reality optional?: and other essays]'' (Hoover Institution Press, 1993) ISBN 0817992626, p. 81</ref>}}
 
{{cquote|Running left-wing movements has always been the prerogative of spoiled rich kids. This pattern goes all the way back to the days when an over-indulged and affluent young man named Karl Marx combined with another over-indulged youth from a wealthy family named Friedrich Engels to create the Communist ideology.<ref>Thomas Sowell, ''[http://books.google.com/books?id=jJ22AAAAIAAJ Is reality optional?: and other essays]'' (Hoover Institution Press, 1993) ISBN 0817992626, p. 81</ref>}}
 
As a young man, Marx's financial irresponsibility "drove him into the hands of moneylenders at high rates of interest."<ref>Paul Johnson, ''[http://books.google.com/books?id=GTqHpZech0YC Intellectuals: From Marx and Tolstoy to Sartre and Chomsky]'' (HarperCollins, 2007) ISBN 0061253170), p. 73</ref> This pattern continued into his middle age: "Marx was constantly borrowing money against his future income," writes Jerrold Seigal, professor of history at New York University, "and until 1863 against his family inheritance too...."<ref>Jerrold Seigal, ''[http://books.google.com/books?id=hCh6hSMDrigC Marx's Fate: The Shape of a Life]'' (Penn State Press, 2004) ISBN 0271025816, p. 257</ref> Marx's relations with his mother were "icy and distant," according to biographer Francis Wheen, at least in part because "she had been inconsiderate enough to stay alive," delaying Marx's eagerly-anticipated inheritance.<ref>Francis Wheen, ''[http://books.google.com/books?id=3KOyuSakn80C Karl Marx: A Life]'' (W.W. Norton & Company, 2001) ISBN 0393321576, p. 8</ref> Upon the death of Engels' mistress, Mary Burns, Marx wrote, "Instead of Mary, ought it not to have been my mother," whom Marx judged "has had her fair share of life."<ref>[http://www.marxists.org/archive/marx/works/1863/letters/63_01_08.htm Marx To Engels, January 8, 1863], in Karl Marx and Friedrich Engels, ''[http://www.marxists.org/archive/marx/works/cw/ Collected Works]'' (Moscow: Progress Publishers, 1975), [http://www.marxists.org/archive/marx/works/cw/volume41/index.htm Vol. 41] (Trans. Robert Dixon), p. 442</ref>
 
As a young man, Marx's financial irresponsibility "drove him into the hands of moneylenders at high rates of interest."<ref>Paul Johnson, ''[http://books.google.com/books?id=GTqHpZech0YC Intellectuals: From Marx and Tolstoy to Sartre and Chomsky]'' (HarperCollins, 2007) ISBN 0061253170), p. 73</ref> This pattern continued into his middle age: "Marx was constantly borrowing money against his future income," writes Jerrold Seigal, professor of history at New York University, "and until 1863 against his family inheritance too...."<ref>Jerrold Seigal, ''[http://books.google.com/books?id=hCh6hSMDrigC Marx's Fate: The Shape of a Life]'' (Penn State Press, 2004) ISBN 0271025816, p. 257</ref> Marx's relations with his mother were "icy and distant," according to biographer Francis Wheen, at least in part because "she had been inconsiderate enough to stay alive," delaying Marx's eagerly-anticipated inheritance.<ref>Francis Wheen, ''[http://books.google.com/books?id=3KOyuSakn80C Karl Marx: A Life]'' (W.W. Norton & Company, 2001) ISBN 0393321576, p. 8</ref> Upon the death of Engels' mistress, Mary Burns, Marx wrote, "Instead of Mary, ought it not to have been my mother," whom Marx judged "has had her fair share of life."<ref>[http://www.marxists.org/archive/marx/works/1863/letters/63_01_08.htm Marx To Engels, January 8, 1863], in Karl Marx and Friedrich Engels, ''[http://www.marxists.org/archive/marx/works/cw/ Collected Works]'' (Moscow: Progress Publishers, 1975), [http://www.marxists.org/archive/marx/works/cw/volume41/index.htm Vol. 41] (Trans. Robert Dixon), p. 442</ref>
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