[lbo-talk] marx's critique of neo-classical economics

James Heartfield Heartfield at blueyonder.co.uk
Sat Mar 31 15:46:27 PDT 2007


Sean

"Marx's critique of neo-classical economics"

Marx never did critique neo-classical economics, only what he called classical economics (Smith, Ricardo). He did write about what he called vulgar economics, the disintegration of the classical school, (MacCulloch, Mill) which might, at a stretch address the weaker side of neo-classical economics. But though he was, I believe, aware of Jevons, he never rated or even saw the neo-classical school hoving into view.

The best critiques of neo-classical economics were Keynesian (as, ironically the best critiques of Keynesianism were neo-Classical). Samir Amin's Marxist critique of neo-classical economics is not bad.

There is, as Andie Nachborgen could tell us better, a crossover between neo-classical and socialist economics in the socialist calculation debate.



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