Marxism and the Facts of Life; Reply; How Powerful is the Fed?

Authors

  • Michael Losonsky, Jr.
  • Stephen A. Resnick
  • Richard D. Wolff
  • Andrew W. Caughey

DOI:

https://doi.org/10.14452/MR-037-01-1985-05_6

Keywords:

Marxism, Political Economy

Abstract

I found Stephen Resnick and Richard Wolff's essay "The 1983 Nobel Prize in Economics: Neo-classical Economics and Marxism" to be misguided. It is misguided because into the conflict between Marxist and bourgeois "non-class" economics they introduce issues about the nature of truth and knowledge. It is also misguided because they treat certain facts of life as theoretical truths of Marxism.

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Published

1985-05-06

Issue

Section

Correspondence