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Titlebook: Marx, Marginalism and Modern Sociology; From Adam Smith to M Simon Clarke Book 1991Latest edition Simon Clarke 1991 Adam Smith.economics.Ka

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Classical Political Economy,it did not act as a positive inspiration. For this reason classical political economy has to be the starting point for any serious study of Marxism or of modern sociology, for both were born out of debates that surrounded classical political economy.
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Alienated Labour and the Critique of Political Economy,rk that are commonly identified as its central themes were already commonplace in political economy. Thus Adam Smith had a thoroughgoing ‘materialist’ conception of history, in which class relations emerge out of the mode of subsistence, the development of these relations is conditioned by the devel
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Value, Class and the Theory of Society,trinsic philosophical critique in the sense that it ultimately rested on an appeal to abstract categories of ‘human nature’, ‘history’ and ‘society’. In ., by contrast, Marx abandoned such abstract categories, developing an analysis of capitalism as a form of social production which developed histor
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Political Economy and its Sociological Critics, classical political economists only Ricardo adhered (almost unequivocally) to the labour theory of value. As we have seen, Smith had proposed a labour-commanded theory, but this was largely for methodological convenience. Say, who first systematised Smith’s theory, adopted a theory of supply and de
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The Marginalist Revolution in Economics,eous political considerations, and so founded modern ‘scientific’ economics. The orthodox Marxist characterisation of the marginalist revolution inverts the bourgeois interpretation. For orthodox Marxism the marginalist revolution marks the final step in the ideological degeneration of political eco
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The Irrationality of Marginalist Economics,, is its demonstration of the ‘formal rationality’ of the fundamental institutions of capitalist production, distribution and exchange. The rationality of these institutions is formal in the sense that they have a purely instrumental significance in relation to human action, providing only a technic
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Marx, Marginalism and Modern Sociology,ought that took place at the end of the nineteenth-century. There is little doubt that such a reorientation did in fact take place, and that this reorientation did not simply involve a change in a number of elements of a given system. It involved a fundamental change in the ‘structure of the theoret
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