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Notes on the main analytical insufficiencies of the Marxist theoretical tradition for the comprehension of the contemporary global economy

Author

Listed:
  • Charis VLADOS

    (Department of Economics, Democritus University of Thrace, Komotini, Greece)

Abstract

This article explores the main analytical insufficiencies of the Marxist theoretical tradition in understanding the contemporary global economy. It argues that Marxist theory, while historically significant, lacks the analytical tools to fully comprehend the complex dynamics of modern globalization. The study suggests a need for a more integrative and evolutionary approach to economic analysis.

Suggested Citation

  • Charis VLADOS, 2019. "Notes on the main analytical insufficiencies of the Marxist theoretical tradition for the comprehension of the contemporary global economy," Journal of Economic and Social Thought, EconSciences Journals, vol. 6(3), pages 132-155, September.
    • Handle: RePEc:cvv:journ3:v:6:y:2019:i:3:p:132-155
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    References listed on IDEAS

    as
    1. Charis VLADOS, 2019. "The Classical and Neoclassical theoretical traditions and the evolutionary study of the dynamics of globalization," Journal of Economics and Political Economy, EconSciences Journals, vol. 6(3), pages 257-280, September.
    2. Charis Vlados & Nikolaos Deniozos & Demosthenes Chatzinikolaou, 2018. "Global Crisis, Innovation and Change Management: Towards a New Systemic Perception of the Current Globalization Restructuring," International Business Research, Canadian Center of Science and Education, vol. 11(8), pages 9-29, August.
    3. Alex W. A. Palludeto & Saulo C. Abouchedid, 2016. "The Currency Hierarchy in Center-Periphery Relationships," Research in Political Economy, in: Analytical Gains of Geopolitical Economy, volume 30, pages 53-90, Emerald Group Publishing Limited.
    4. Haeussler, Carolin & Patzelt, Holger & Zahra, Shaker A., 2012. "Strategic alliances and product development in high technology new firms: The moderating effect of technological capabilities," Journal of Business Venturing, Elsevier, vol. 27(2), pages 217-233.
    5. Li Xiao, 2011. "Financing high-tech SMEs in China: A three-stage model of business development," Entrepreneurship & Regional Development, Taylor & Francis Journals, vol. 23(3-4), pages 217-234, April.
    6. repec:eme:rpec11:s0161-72302015000030b003 is not listed on IDEAS
    7. Charis Vlados, 2019. "The Classical and Neoclassical Theoretical Traditions and the Evolutionary Study of the Dynamics of Globalization," DUTH Research Papers in Economics 24-2019, Democritus University of Thrace, Department of Economics.
    Full references (including those not matched with items on IDEAS)

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    Keywords

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    JEL classification:

    • B14 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Socialist; Marxist
    • B51 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Socialist; Marxian; Sraffian
    • F02 - International Economics - - General - - - International Economic Order and Integration

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