Marxian-Radical Economics. A Heterodox Approach

Cristina Ciote ()

Ovidius University Annals, Economic Sciences Series, 2012, vol. XII, issue 1, 453-456

Abstract: Marxism emerged from the confrontation between the German philosophy, classic English economics and the French socialism. It was a philosophy, a scientific method, a new vision of economics, an economic policy and an economic system alike. The Marxian economic strain of thought was assimilated not only by its advocates, but also by the critics of this radical current: in defence of capitalism, Keynes and Schumpeter both start from Marx’s work. Starting from the work of classic economists, Marx assumes the valuable scientific elements from the dominant economic theory, but emphasizes the historical, gnosiological and class limits of the classic doctrine. Although he uses the instruments provided by the classics, the German scientist defines his own personal notional system and comes to excel in terms of abstraction. Operating with his own concepts, Marx builds up an infallible logic, which is impossible to turn over if one does not infirm the starting point of the analysis itself – the labour theory of value.

Keywords: heterodox economics; radical economics; Marxian. (search for similar items in EconPapers)
JEL-codes: B14 B24 B25 (search for similar items in EconPapers)
Date: 2012
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