Critical political economy: the ‘market-centric’ model of economic theory must remain in the past—notes of the Post-Soviet School of Critical Marxism

Aleksandr Buzgalin and Andrei Kolganov

Cambridge Journal of Economics, 2016, vol. 40, issue 2, 575-598

Abstract: (Translated by Renfrey Clarke) It is argued that a critical redefinition both of classical political economy and of the Marxist approach is required to understand the economy of the twenty-first century. There is also a need to respond to (neo)positivist and post-modernist approaches. The paper offers a critique of the ‘market-centric’ model of economic theory and articulates a theory about the nature of post-market economic relations. It is hypothesised that theoretical innovations are required for an adequate investigation of the new world of creative work and of knowledge-based society. These innovations are, in particular, political economic theory of total corporate-network market and new proofs of the antagonism between market and creativity

Date: 2016
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