Preferences, reductionism and the microfoundations of Analytical Marxism |
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Authors: | Philp Bruce; Young David |
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Institution: | Nottingham Trent University and University of Manchester. |
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Abstract: | Analytical Marxism has recommended that Marxian theory shouldconform to normal scientific methods and thatthis should involve the development of microfoundations. Thelatter has involved the adoption of rational choice theory andits corresponding assumptions regarding agents' behaviour. Thispaper seeks to question this position and highlight a numberof problems which Analytical Marxism faces, particularly inthe domain of economic theory. The different views of scienceespoused by Analytical Marxists display a tension between positivistand realist perspectives, and the arguments forindividualist and anti-reductionist approaches to social andeconomic theory are also argued to be problematic. The approachof Analytical Marxism, it is suggested, can involve the uncriticaladoption of many of the assumptions of standard economic theoryand, as such, it is subject to a number of substantive criticisms,some of which have been elaborated from within mainstream economictheory. |
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Keywords: | Reductionism Preferences Marxism Scientific method |
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