Jun 5, 2024 · Marxian economics is a school of economic thought that's based on the work of 19th-century economist and philosopher Karl Marx. Marx claimed that two major...

Marxian economics, or the Marxian school of economics, is a heterodox school of political economic thought. Its foundations can be traced back to Karl Marx's critique of political economy. However, unlike critics of political economy, Marxian economists tend to accept the concept of the economy prima facie.

Mar 12, 2023 · A renowned Marxian economist talked to Jacobin to break down the key points of Marx’s economic theory. The analysis of capitalism that Karl Marx presented in the three volumes of Capital remains vital to understanding our social world.

In the first section, Mandel elucidates the basic categories of Marx’s economic doctrine from the emergence of the social surplus product to the labour theory of value. In the second section, he explains the basic laws of motion of capitalism and its inherent contradictions.

Marxian economics refers to a school of economic thought that was derived from Karl Marx and Friedrich Engels, who were 19th-century philosophers and economists. Marxian economics arose as a critique of classical political economy and later as a critique of capitalism.

Jul 23, 2004 · Marked up by Einde O’Callaghan for the Marxists’ Internet Archive. I. The Theory of Value and Surplus value. What is Socially Necessary Labor? II. Capital and Capitalism. III. Neo-capitalism.

With his vast collection of economic writings – including the three volumes of Capital – Marx stripped away the mysticism surrounding capitalism, uncovering and explaining its inner processes, emergent laws, and intrinsic contradictions.

Nov 4, 2017 · Marx’s theory of value and distribution receives detailed attention, followed by his models of capital accumulation and economic crisis.

Mar 15, 2024 · Marxian economics, rooted in Karl Marx’s pioneering work, challenges traditional economic views and centers around the exploitation of labor within the capitalist system. A central concept is the theory of “surplus value,” emphasizing the undercompensation of labor and the extraction of value by the ruling classes.

Marxian Economics is defined as the economic theory developed by Karl Marx, focusing on the historical and structural shifts in the mode of production, class conflict, and the role of productive forces in driving social change within capitalist societies.