Marxism And The Labor Theory Of Value

Marxism and the Labor Theory of Value Jon Elster concluded his Making horse sense of Marx with the claim that ?It is not possible today, morally or intellectually, to be a Marxist in the traditional sense? (1985, p.531). borrowing of this statement depends, of course, on what is meant by traditional Marxism. Elster makes it clear that what he means by traditional Marxism is that ?intellectually bankrupt? and ?non-scientific? sparing surmisal associated with the labor theory of value, the theory of the falling prise of profit, and ?the most important part of historical materialism?, the ?theory of productive forces and relations of production? (1986, p.

188-194). In place of these redundancies, Elster proposes a new Marxism founded upon logically consistent microfoundations (1982). To achieve this reconstruction, he explicitly favours the tools of neoclassical analysis; a ?truly scientific? methodological analysis that posits the existence of economic institutions (for example, prices and markets), th...If you want to get a wide essay, order it on our website: Orderessay

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