Microeconomics pp 233-250 | Cite as

The Marxian theory of the firm and the market economy

  • Mike Rosser


Some readers may be surprised at finding a chapter on Marxian economics in a book that is mainly concerned with the behaviour of firms and consumers in a market economy. It is not as widely realised as perhaps it should be that most of what Marx wrote was in fact concerned with the operation of a market economy. He said relatively little about the operation of a socialist economic system and, of course, his main work Capital1 was first published half a centry before the Russian revolution and the coming into being of the first planned economy.


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  1. 1.
    K. Marx, Capital (London: International Publishers, 1970) (originally published in German in 1867; first English translation in 1886).Google Scholar
  2. 2.
    P. N. Junankar, Marx’s Economics (Oxford: Philip Allen, 1982).Google Scholar
  3. 3.
    E. K. Hunt and H. J. Sherman, Economics: An Introduction to Traditional and Radical Views, 4th edn (London: Harper & Row, 1981).Google Scholar
  4. 4.
    B. Burkitt, Radical Political Economy (Brighton: Harvester Press, 1984).Google Scholar
  5. 5.
    K. Marx, ‘Critique of the Gotha Programme’, in L. S. Fleur (ed.), Marx and Engels: Basic Writings on Politics and Philosophy (London: Fontana, 1969). (Written in 1875, but not originally published until 1891, in German.)Google Scholar
  6. 6.
    P. A. Baran and P. M. Sweezy, Monopoly Capital (London: Penguin, 1968).Google Scholar

Copyright information

© M.J. Rosser 1988

Authors and Affiliations

  • Mike Rosser
    • 1
  1. 1.Coventry PolytechnicUK

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