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What does it mean to follow Marx? In this examination of Marx’s methodology combined with specific applications on topics in political economy such as neo-Ricardian theory, analytical Marxism, the falling rate of profit, crisis theory, monopoly capital, Paul Sweezy, advertising and the capitalist state, this volume argues that the failure to understand (or explicit rejection of) Marx’s method has led astray many who consider themselves Marxists. By focusing particularly upon the concept of a totality and the necessary form of appearance of capital as many capitals in competition, Following Marx both demonstrates why Marx insisted that ‘in competition everything is reversed’ and provides a guide for following Marx.
This book gives a rigorous view of classical Marxian economic theory by presenting specific analytic models.
By exploring the strengths and weaknesses of a Marxist approach to economic development, this book presents a balanced treatment of development issues within the area of 'rational choice Marxism'
political economy. With this in mind the reader will be taken through three meta-theoretical levels of Marx' method of analysis of the struc tures of capitalism: (1) the clarification of 'critique' and method from Kant's epistemology, Hegel's phenomenology, to Marx' political economy (Chapter One); (2) the analysis of 'critique' and time, that is, the temporal dimensions of the critical method as they evolve from Hegel's Logic to Marx' Capital and the difference between the use of the future in explanatory, positivist science and 'critique' (Chapter Two); (3) and finally, 'critique' and materialism, a study of the complexity of the category of materialism, the ambivalence and ambiguity of its use in Marx' critical method, and the ontological and logical dilemmas created by the Schelling-Feuerbach turn toward materialism in their critique of Hegel (Chapter Three). The critique of political economy is, therefore, examined at the levels of methodology, temporality, and ontology. To what do the categories of political economy really refer when the positivist interpretations of Marx have been shattered and 'critique' be comes the method of choice? What kind of knowledge do we have if it is no longer "scientific" in the traditional sense of both epistemology and methodology? And what kind of applicability will it have when its format is such as not to produce predictive, technical knowledge, but practical knowledge in the Greek sense of the word (Praxis)? What be comes of the criterion of truth when epistemology itself, like science, is
The Scientific Marx was first published in 1986. Minnesota Archive Editions uses digital technology to make long-unavailable books once again accessible, and are published unaltered from the original University of Minnesota Press editions. Marx advanced Capital to the public as a scientific explanation of the capitalist economy, intending it to be evaluated by ordinary standards of scientific adequacy. Today, however, most commentators emphasize Marx's humanism or his theory of historical materialism over his scientific claims. The Scientific Marx thus represents a break with many current views of Marx's analysis of capitalism in that it takes seriously his claim that Capital is a rigorous scientific investigation of the capitalist mode of production. Daniel Little discusses the main features of Marx's account, applying the tools of contemporary philosophy of science. He analyzes Marx's views on theory and explanation in the social sciences, the logic of Marx's empirical practices, the relation between Capital and historical materialism, the centrality of micro-foundations in Marx's analysis, and the minimal role that dialectics plays in his scientific method. Throughout, Little relies on "evidence taken from Marx's actual practice as a social scientist rather than from his explicit methodological writings." The book contributes to current controversies in the literature of "analytic Marxism" joined by such authors as Jon Elster, G.A. Cohen, and John Roemer.
May 5, 2018 marked the 200th anniversary of the birth of Karl Heinrich Marx, German scientist, philosopher, economist, and sociologist. His creative genius created a system-functional model of contemporary society, defined its socio-economic character, and formulated scientific and philosophical approaches for its cognition. Marx also developed methodological clues for identifying and substantiating the economic nature of phenomena, processes and the socio-economic relations that mediate them, which are of critical relevance today. Before Marx, political economy was an eclectic combination of separate theories and concepts espoused by various philosophers. Marx was able to transform the field into a coherent science with a single systemic approach. Today, the generally recognized economic mainstream has no way of explaining in detail the causes of the ongoing global economic crisis. However, it is generally accepted that modern Marxist legacy researchers have advantages in their analyses. They believe that at the start of the 21st century capitalism does not tend to self-destruct. However, its failings are more and more clearly manifested. They believe that the capitalist system has not outlived its weaknesses, and the old bourgeois financiers have not been replaced, as was necessary, by a generation of new leaders armed with new methods of management and capable of coming up with solutions to current problems. The philosophical underpinnings of the capitalist economic system have laid a time bomb under the whole ideology of capitalism. Capitalism as a development system ceases to exist. The truth, which was found in the past writings of Marx, cannot be completely rejected, nor should it be venerated as a museum exhibit. This book is aimed at reactivating fundamental political and economic studies on the rules and functioning of the global geo-economic system from the point of view of a modern interpretation of Karl Marx's concept of objective processes in the conditions of the current systemic crisis of capitalism.
First Published in 1986. Routledge is an imprint of Taylor & Francis, an informa company.
An account and technical assessment of Marx's economic analysis in Capital and other documents, with particular reference to the transformation and the surplus-value doctrine, the reproduction schemes, the falling real-wage and profit rates, and the trade cycle.