Routledge Dictionary of Economics, Second Edition
Marxian economics (E6, P2)
The application of MARX’S theories of VALUE and EXPLOITATION to price theory, COMPETITION and the working of modern CAPITALIST economies.
In recent years Marxian economists have attempted to provide an alternative to NEOCLASSICAL analysis of most areas of economic theory and policy, including monetary and general macroeconomic theory as well as a Study of TRANSNATIONAL CORPORATIONS, income distribution and the business cycle. Prominent Marxian economists in the twentieth century have included Paul BARAN, Maurice Dobb and Ronald Meek.
References
Roemer, J.E. (1981) Analytical Foundations of Marxian Economic Theory, Cambridge: Cambridge University Press.
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