The Marginalist Revolution in Economics
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The ‘marginalist revolution in economics’ is acclaimed by bourgeois economists as the theoretical revolution which freed political economy from extraneous 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 economy (Bukharin, 1927; Dobb, 1940, 1973; Meek, 1973).
KeywordsMarginal Utility Marginal Productivity Productive Service Total Utility Capitalist Society
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