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Marxian-Radical Economics. A Heterodox Approach

Author

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  • Ciote Cristina Steliana

    () („Spiru Haret” University of Bucharest Faculty of Financial Management and Accounting Constanþa)

Abstract

Marxism emerged from the confrontation between the German philosophy, classic English economics and the French socialism. It was a philosophy, a scientific method, a new vision of economics, an economic policy and an economic system alike. The Marxian economic strain of thought was assimilated not only by its advocates, but also by the critics of this radical current: in defence of capitalism, Keynes and Schumpeter both start from Marx’s work. Starting from the work of classic economists, Marx assumes the valuable scientific elements from the dominant economic theory, but emphasizes the historical, gnosiological and class limits of the classic doctrine. Although he uses the instruments provided by the classics, the German scientist defines his own personal notional system and comes to excel in terms of abstraction. Operating with his own concepts, Marx builds up an infallible logic, which is impossible to turn over if one does not infirm the starting point of the analysis itself – the labour theory of value.

Suggested Citation

  • Ciote Cristina Steliana, 2012. "Marxian-Radical Economics. A Heterodox Approach," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 453-456, May.
  • Handle: RePEc:ovi:oviste:v:xii:y:2012:i:12:p:453-456
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    More about this item

    Keywords

    heterodox economics; radical economics; Marxian.;

    JEL classification:

    • B14 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Socialist; Marxist
    • B24 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Socialist; Marxist; Scraffian
    • B25 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Historical; Institutional; Evolutionary; Austrian; Stockholm School

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