An Introduction to Marxist Economics by George Catephores

By George Catephores

This article offers an trouble-free exposition of the fundamental rules of Marxist economics from the relevant principles of Marx himself via to the differing purposes and reassessments made by way of next generations of Marxian economists. even though basically meant for undergraduates and postgraduates following classes in Marxist economics, its transparent, non-mathematical therapy makes it compatible for college kids of alternative disciplines.

George Catephores is fiscal Adviser to the major Minister of Greece and used to be formerly Senior Lecturer in Economics at collage collage, London

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It was here that he first formulated the idea of meta-narratives that was to figure so prominently in The Postmodern Condition, and made its real target c{'ystal-clear. Just one 'master narrative' lay at the origin of the term: Marxism. Fortunately, its ascendancy was now at last eroded by the innumerable little tidings from the Gulag. 29 In the same year as this political manifesto, L yotard set an aesthetic canon. Les Transformateurs Duchamp presen the creator of the Large Glass and Given as the critical artist the non-isomorphic, of incongruences and incommensurabili­ ties.

37 Why is this not a - quintessentially modern - grand narrative? Because, Lyotard maintains, it is a story without historicity or hope. The fable is postmodern because 'it has no finality in any horizon of emancipation'. Human beings, as witnesses of devel­ opment, may set their faces against a process of which they are vehicles. ' Universal energetics leaves no space for pathos - ostensibly. Yet Lyotard also freely describes his story as a 'tragedy of energy' which 'like O edipus Rex ends badly', yet also 'like Oedipus at Colonnus allows an ultimate remission' .

Experi­ mental form engendered practical function, rather than the other way round. But as the Bauhaus acquired dominance, it forgot its origins and misrepresented the new architecture as 'functionalist'. In the end, this confusion lent itself all too readily to exploitation by developers and bureaucrats, commis­ sioning and financing buildings that were functional to them. But this unseeing betrayal of itself, however serious, was not the efficient cause of the impasse of modernism. That lay in the insuperable constraints of its social environment.

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