Economics: Marxian versus Neoclassical
Richard D. Wolff and Stephen A. Resnick
Economics: Marxian versus Neoclassical is an economics text with a difference--a concise, systematic comparison of the two major contending economic theories in the world today. Richard Wolff and Stephen Resnick provide a unique and balanced explication of the differing assumptions and arguments of neoclassical and Marxian economics. Their treatment of Marxian theory assumes no familiarity with the subject proceeding from first principles through analysis and social implications and integrating the important developments of the past twenty-five years. The discussion of neoclassical theory includes a coherent overvew often obscured in standard introductions to economics. Throughout, math is used simply and sparingly. Wolff and Resnick address broader aspects of evaluating or choosing between alternative theories, but their conclusions are nonpolemical. Economics: Marxian versus Neoclassical provides not just an explanation but an appreciation of the two great traditions in modern political economy.
The authors effectively present in a comparative way both neoclassical and Marxist approaches to economics, with special emphasis on their respective content, the grounds on which they can be compared, and how to go about evaluating if not choosing between them. This is an outstanding book.
Warren J. SamuelsA beautifully written, wonderful book. Wolff and Resnick do an extraordinarily fair and unbiased job of presenting both paradigms in economics. They offer lucid and refreshingly modern analysis
Howard Sherman
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Stephen Resnick and Richard Wolff are Professors of Economics at the University of Massachusetts-Amherst and authors of numerous articles and books on Marxian theory and economics, including Knowledge and Class: A Marxian Critique of Political Economy and (with Harriett Fraad) Bringing It All Back Home: Class, Gender, and Power in the Modern Household .
Economics: Marxian versus Neoclassical was published in 1987 by the Johns Hopkins University Press.
For more information on this and related works in the overdeterminist tradition of Marxism, visit the Resnick-Wolff web-site: <www.umass.edu/~resnick-wolff/>
Contents
- Two Different Theories
- Neoclassical Theory
- Marxian Theory
- The Importance of Theoretical Differences
