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Critical political economy: the ‘market-centric’ model of economic theory must remain in the past—notes of the Post-Soviet School of Critical Marxism

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  • Aleksandr Buzgalin
  • Andrey Kolganov

Abstract

(Translated by Renfrey Clarke) It is argued that a critical redefinition both of classical political economy and of the Marxist approach is required to understand the economy of the twenty-first century. There is also a need to respond to (neo)positivist and post-modernist approaches. The paper offers a critique of the ‘market-centric’ model of economic theory and articulates a theory about the nature of post-market economic relations. It is hypothesised that theoretical innovations are required for an adequate investigation of the new world of creative work and of knowledge-based society. These innovations are, in particular, political economic theory of total corporate-network market and new proofs of the antagonism between market and creativity

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  • Aleksandr Buzgalin & Andrey Kolganov, 2016. "Critical political economy: the ‘market-centric’ model of economic theory must remain in the past—notes of the Post-Soviet School of Critical Marxism," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 40(2), pages 575-598.
  • Handle: RePEc:oup:cambje:v:40:y:2016:i:2:p:575-598.
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    File URL: http://hdl.handle.net/10.1093/cje/beu080
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    Cited by:

    1. Brancaccio, Emiliano & Giammetti, Raffaele & Lopreite, Milena & Puliga, Michelangelo, 2018. "Centralization of capital and financial crisis: A global network analysis of corporate control," Structural Change and Economic Dynamics, Elsevier, vol. 45(C), pages 94-104.

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