In 1992 he became Russia's prime minister, and control of Gazprom was assumed by his deputy, Rem Vyakhirev, a chain-smoking Soviet-style bureaucrat, whose first name stood for Revolution, Engels, Marx.
Novy-Marx has been working this theme for a while, and not everybody agrees with him.
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Now it's changed as the responsibilities and role of the father has changed because now a father takes care of his kids and is much more involved in housework than - and caretaking than - you know, it's hard to imagine a Groucho Marx talking about changing diapers, for example.
For a taste of life in the former East Berlin marvel at the imposing buildings that line Karl-Marx-Allee or visit the DDR Museum (Karl-Liebknecht-Strasse 1) for a hands-on experience of the minutiae of daily life in the GDR.
That is why the government-bond yield is the appropriate measure for discounting public liabilities, as Messrs Rauh and Novy-Marx assert.
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Karl Marx used Crusoe's one-person domestic production as an allegory for economy in its simplest form.
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Marx, much like the classical economic thinkers of his era, knew that for money values to be stable, they would have to be defined in terms of gold.
His predecessor Daniel Marx, Mr Cavallo's deputy who resigned last Friday, is also reportedly waiting for a tap on the shoulder.
After stints as a radio disc jockey and TV host in Ohio from 1950-53, he left for New York, where he found early work doing impressions of John Wayne, Cary Grant, Marx and James Cagney, among others.
For the next 20 years Engels worked grumpily away, handing over half his generous income to an ever more demanding Marx.
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