The Neoclassical Marxists
In 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.
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.
When requesting a correction, please mention this item's handle: RePEc:wpa:wuwpgt:0309004. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (EconWPA)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.