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Marxian economics - Liberal Challenge | | Marxian economics - Liberal Challenge: Encyclopedia II - Marxian economics - Liberal Challenge | | The Austrian School was the first group of liberal economists to systematically challenge Marxian economics. This was partly a reaction to the Methodenstreit, an attack on the Hegelian doctrines of the Historical School. Though many Marxist authors have attempted to portray the Austrian school as a "bourgeois reaction" to Marx, such an interpretation is untenable: It could not have been a reaction, for Carl Menger wrote his Principles of Economics at almost the same time as Marx was completing Das Kapital; the cha ...
See also:Marxian economics, Marxian economics - Marxian versus Marxist, Marxian economics - Marx and classical economics, Marxian economics - Marx's economic theories, Marxian economics - Liberal Challenge, Marxian economics - Current theorizing in Marxian economics | | | Marxian economics, Marxian economics - Current theorizing in Marxian economics, Marxian economics - Liberal Challenge, Marxian economics - Marx and classical economics, Marxian economics - Marx's economic theories, Marxian economics - Marxian versus Marxist, Das Kapital, capitalist mode of production, capital accumulation, surplus value, surplus product, surplus labour, labour power, law of value, unequal exchange, value product, productive and unproductive labour, Socialist economics | | |
| | | Marxian economics: Encyclopedia II - Marxian economics - Liberal Challenge
Marxian economics - Liberal Challenge
The Austrian School was the first group of liberal economists to systematically challenge Marxian economics. This was partly a reaction to the Methodenstreit, an attack on the Hegelian doctrines of the Historical School. Though many Marxist authors have attempted to portray the Austrian school as a "bourgeois reaction" to Marx, such an interpretation is untenable: It could not have been a reaction, for Carl Menger wrote his Principles of Economics at almost the same time as Marx was completing Das Kapital; the charge of "borgeois" may be regarded as spurious, for Marx's own writings are, at least in form, appeals by one claiming a rational position to a rational audience (including Austrians), so the audience's pre-determined social class must be irrelevant.
The Austrian economists were, however, the first to clash directly with Marxism, since both dealt with such subjects as money, capital, business cycles, and economic processes. Eugen von Böhm-Bawerk wrote extensive critiques of Marx in the 1880s and 1890s, and several prominent Marxists—including Rudolf Hilferding—attended Böhm-Bawerk's seminar in 1905-06.
In contrast, the classical economists had shown little interest in such topics, and many of them did not even gain familiarity with Marx's ideas until well into the twentieth century.
Other related archivesAdam Smith, Anwar Shaikh, Austrian School, Carl Menger, Das Kapital, David Ricardo, Elmar Altvater, Engels, Ernest Mandel, Eugen von Böhm-Bawerk, Friedrich Engels, Harry Magdoff, Hegelian, Historical School, Joan Robinson, John Weeks, Karl Kautsky, Karl Marx, Lenin, Marxism, Methodenstreit, Michal Kalecki, Monthly Review, Paul A. Baran, Paul Sweezy, Piero Sraffa, Principles of Economics, Roman Rosdolsky, Rudolf Hilferding, Samir Amin, Socialist economics, Trotsky, University of Massachusetts Amherst, bourgeois, capital accumulation, capitalism, capitalist mode of production, capitalists, classical economists, commodity fetishism, economic, exchange value, heterodox economics, labor theory of value, labour power, law of value, mode of production, modes of production, neoclassical economics, political economy, productive and unproductive labour, proletarian, relative prices, revolution, socialism, socially necessary labor time, subjectivism, surplus labour, surplus product, surplus value, unequal exchange, use value, value product, wage slavery, workers
 Adapted from the Wikipedia article "Liberal Challenge", under the G.N U Free Docmentation License. Please also see http://en.wikipedia.org/wiki |
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