The Neoclassical Marxists
AbstractIn the contemporary economic literature and academic environments, one encounters increasing interest in the role assigned to human skills and new technologies to interpret economic incidents and formulate viable development policies. In other words, there seems to be a shift in interest from unrealistic assumptions and mechanical relations of interactive robots i.e., homoeconomicus, in an artificially created world to “real” economics as it operates. Unfortunately, because of the worldwide ideological dominance of the sophisticated Neoclassical economic models, many attempts take place within the same ideological framework, just as in the case of Lucas and Romer. The “Holy Ground and the Foundation Stones” of the doctrine are hardly questioned. Being loyal disciples of the dominant ideology, Lucas and Romer introduced two new approaches independently to the economic growth with educated human resources (human capital, as they call it) at the core of analysis. Overlooking the mechanical and unrealistic relations in the respective models, the striking common feature is the major role attributed to human resources. And this “striking” common feature leads to a “striking” resemblance, not only to one another, but rather to Marx, the great ideological enemy of the Neoclassical doctrine. Lucas and Romer seem to be “latent” Marxists.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by EconWPA in its series General Economics and Teaching with number 0309004.
Date of creation: 24 Sep 2003
Date of revision:
Note: Type of Document - Word; prepared on IBM PC ; to print on HP;
Contact details of provider:
Web page: http://220.127.116.11
Labor; Human Capital; Marx; Lucas; Romer;
Find related papers by JEL classification:
- A00 - General Economics and Teaching - - General - - - General
This paper has been announced in the following NEP Reports:
- NEP-HPE-2003-09-28 (History & Philosophy of Economics)
- NEP-PKE-2003-09-28 (Post Keynesian Economics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 3-42, July.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (EconWPA).
If references are entirely missing, you can add them using this form.