Marxian economics

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Marxian economics

the body of economic analysis deriving from the work of MARX, especially Capital (1867) (see also CLASSICAL ECONOMISTS). The distinctive approach of Marxian economists involves a general analysis of the long-run accumulation of capital, and developments and crises in the capitalist system (see CRISES OF CAPITALISM). While some Marxian economists apply Marx's own ideas rigidly, others, e.g. the work of Paul Baran and Paul Sweezy (1966), offer reinterpretations of these conceptions. For example, the LABOUR THEORY OF VALUE which is central in classical Marxist economics, is rejected by others, e.g. Pierre Sraffa (1960), Steedman et al. (1981), who nevertheless preserve many of Marx's essential insights compared with more orthodox economics (see also EXPLOITATION). Marxian economics has also been of particular importance in recent years in analysis of the world economy – see DEPENDENCY THEORY.
References in periodicals archive ?
It is through an engagement with Marxist economics that Wells can conclude that Butlin's approach, lacking an orientation to surplus value, mis-characterises the social dynamic as a whole.
64) It is in this sphere that the Church took some pains to suggest both the similarities of its applied theology to modern notions of classical and Marxist economics and, more importantly, the differences between the three approaches to understanding the foundations of economic analysis (and thus the foundations for political regulation).
This piece, written well over a decade ago, begins with the words: "Described by the Wall Street Journal as 'the "dean" of radical economics,' Paul Sweezy has more than any other single person kept Marxist economics alive in North America.
Richard Wolff, a Marxist economics professor, offers a more ringing defense of "bad" writing.
Vietnam's Economic Policy since 1975 is an analysis of a socialist experience by an economist who has not only studied it thoroughly but lived through it for more than two decades; a voluminous documentation in hand, Vo Nhan Tri has guided his readers through the maze created by the hermetic jargon of Marxist economics and propaganda.
In recent decades the dynamic, production-related elements of the transformation problem have continued as a significant element on Marxist economics [Roemer, 1982, pp.
Specifically, it confronts the dominant mainstream neoclassical economics with critical alternatives, including various strands of post-Keynesian economics, Marxist economics, institutional economics and analyses from feminist and ecological perspectives.
I had a junior-year scholarship over there and I did my senior honors thesis on Marxist economics when I was at Occidental College.
They cover such contextual issues as the crises of Marxism and the transformation of capitalism, Marxism as developed in Marxist-Leninism to France and Italy at the end of the twentieth century, Anglo-Saxon Marxism, and the new Marxist economics.
Sweezy, which contained a fairly comprehensive review of the prewar history of Marxist economics and at the same time made explanatory use of concepts introduced into mainstream monopoly and oligopoly theory during the preceding decade.
Moreover, it was not too long ago that Keynesian and Marxist economics held equal sway in the world's universities.
There is something reassuring about the fact that Lucas has independently reached most of the same conclusions as the "big sabios" of Marxist economics, liberation theology and feminist theory.