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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