Article ; Online: The Formalization of Marx’s Economics
World Review of Political Economy, Vol 14, Iss 1, Pp 4-
A Summary Attempt Taking as an Example the First Volume of Capital
2023 Volume 33
Abstract: Whether Marx’s economics and Marxist political economy can be formalized using mathematics is a controversial and divisive issue. From studying the text of Capital and its manuscripts, it emerges that Marx’s research on the capitalist mode of production ... ...
Abstract | Whether Marx’s economics and Marxist political economy can be formalized using mathematics is a controversial and divisive issue. From studying the text of Capital and its manuscripts, it emerges that Marx’s research on the capitalist mode of production involves the application of mathematical methods. Marx creates a set of symbols related to the social production of capitalism, and on that basis constructs an economic model corresponding to his theoretical analysis. Obviously, the mathematical method is an integral part of Marx’s economic methodology. In a certain sense, using mathematical methods to study and formalize Marx’s economics is in line with Marx’s approach to economic topics. However, the formalization of Marx’s economics must strictly observe the relevant principles; otherwise, it will lead to serious problems. |
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Keywords | Economics as a science ; HB71-74 ; Political science (General) ; JA1-92 |
Subject code | 190 |
Language | English |
Publishing date | 2023-03-01T00:00:00Z |
Publisher | Pluto Journals |
Document type | Article ; Online |
Database | BASE - Bielefeld Academic Search Engine (life sciences selection) |
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