Marxian school of economics denotes a school of economic thought tracing its foundations to the critique of classical political economy first expounded upon by Karl Marx and Friedrich Engels. Nonetheless, it has been developed by many academicians to the extent of Marxian Ecological Economics. It is often exposed as an analytical opposition to neoclassical or mainstream economics. The opposition primarily rests upon the difference in perceiving the idea of capital, its formation and its inherent nature of crisis. Marxian economics is distinguished from Marxism as a political ideology as well as the normative aspects of Marxist thought, with the view that Marx’s original approach to understanding economics and economic development is intellectually independent from Marx’s own passionate revolutionary socialism and is currently seen as a viable analytic framework, and an alternative to neoclassical economics. The theme mainly centers Marxian focus on means of communication, machinery, general intellect, ecological crisis, new forms of apartheid and slums, role of media and social rationality of the market and technology, the impact of class and class struggle on economic and political processes and the process of economic evolution.
- MARXIAN ANALYSIS OF INEQUALITY
Inequality and Democratic Egalitarianism: Marx’s Economy and Beyond and Other Essays, 2018
This book arose out of a friendship between a political philosopher and an economic sociologist, and their recognition of an urgent political need to address the extreme inequalities of wealth and power in contemporary societies. It provides a new analysis of what generates inequalities in rights to income, property and public goods in contemporary societies. By critiquing Marx’s foundational theory of exploitation, it moves beyond Marx, both in its analysis of inequality, and in its concept of just distribution. It points to the major historical transformations that create educational and knowledge inequalities, inequalities in rights to public goods that combine with those to private wealth. It argues that asymmetries of economic power are inherently gendered and racialized, and that forms of coercion and slavery are deeply embedded in the histories of capitalism.
- CAPITALISM AND LABOUR RIGHTS
Marx and the Alternative to Capitalism
Author: Kieran Allen, 2014
If we are serious about finding a different way to run the post-credit crunch society, we must start by introducing alternatives to undergraduates. Kieran Allen begins the task with an accessible and comprehensive look at the ideas of Karl Marx. Dispensing with the dryness of traditional explanations of Marx, Allen shows how Marx’s ideas apply to modern society. The first section briefly outlines Marx’s life and the development of his work, then goes on to clearly explain his key theories, including historical materialism and surplus value. The second section examines alternatives to capitalism, the concept of ‘anti-capitalism’ and provides concrete, contemporary examples of Marx’s theories being put into practice in today’s world. This book provides a crucial alternative for undergraduates in sociology and politics.