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Volume :30 Issue : 3 2002      Add To Cart                                                                    Download

What is Left of Karl Marx in Modern Economic Thought?

Auther : Zakariya Fawaz

In spite of the failure of implimenting Marxism-Leninism in the Socialist bloc, the effect of Marx theory is still found in the economic thought, in particular, and social sciences in general. So, any researcher in economical and social studies has to stand with Marx, not for his ideological thinking, but for not bypassing his objectivity. In this study we attempt to study what is left of Marx in economic thought in general and in political economy in particular. It will also focus on many concepts related to marxism theory which are reflected in the captialist countries, especially the social, ethical and environmental issues. In addition to a lot of theories and a new mechanism in the economical sciences, Marx’s influence on the western academic thought are accredited to him: He had defined labor as good, that has its own characteristic, the law of accumulation, capitaliztion processes, accumulation of capital and the unstablity in the evolution of capitalist society. In this study we also focused on the Marxism limitations, such as the value theory, distribution, the difference between the ownership and the control of decision in capitalist units. In spite of that we still consider Marx like Adam Smith, the master mind for economical sciences as Freud to psychology.

Key words: Marx, Marxism, Economical Marxist, Collapse of Marxism, Revolution, Exploitation, Value theory, Social progress, Environmental concern.

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