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Marxian economics—particularly in academia—is distinguished from Marxism as a political ideology, as well as from the normative aspects of Marxist thought: this reflects the view that Marx's original approach to understanding economics and economic development is intellectually independent from his own advocacy of revolutionary socialism.
Marx's "base determines superstructure" axiom, however, requires qualification: the base is the whole of productive relationships, not only a given economic element, e.g. the working class; historically, the superstructure varies and develops unevenly in society's different activities; for example, art, politics, economics, etc.
Base and superstructure: Marx and Engels use the “base-structure” concept to explain the idea that the totality of relations among people with regard to “the social production of their existence” forms the economic basis, on which arises a superstructure of political and legal institutions. To the base corresponds the social ...
Vulgar Marxism refers to a particular "belief that one can directly access the real conditions of history" and is sometimes referred to as reflection theory. [1] In 1998, Robert M. Young defined "economism or vulgar Marxism" as "the most orthodox [position in Marxism which] provides one-to-one correlations between the socio-economic base and the intellectual superstructure".
Historical Materialism is a quarterly peer-reviewed academic journal focused on the study of Marxist philosophy, historical materialism, political science, economics, modern society, and human history using a Marxist approach. The journal, published by Brill Publishers, started as a project at the London School of Economics from 1995
Hansen welcomed Mandel's book as important contribution to scholarship on Marx. [1] The political scientist David McLellan called Mandel's work "excellent". [2] McLellan recommended the book, together with Mandel's An Introduction to Marxist Economic Theory, as the best introduction to Marx's economics. [3]
The Feldman–Mahalanobis model is a Marxist model of economic development, created independently by Soviet economist Grigory Feldman in 1928 [1] and Indian statistician Prasanta Chandra Mahalanobis in 1953. [2]
Marxism and Keynesianism is a method of understanding and comparing the works of influential economists John Maynard Keynes and Karl Marx.Both men's works has fostered respective schools of economic thought (Marxian economics and Keynesian economics) that have had significant influence in various academic circles as well as in influencing government policy of various states.