Bukharin's Economic Theory of the Leisure Class

[heiss93]

Bukharin's Economic Theory of the Leisure Class is the best refutation of the Austrian School, from a Marxist perspective that I'm aware of. Bukharin actually attened the lectures of the leading Austrian Boem in person. Monthly Review republished it in the 1970s as the best Marxist polemic against mainstream economics and like Anti-Duhring it elaborates on Marxist theories of value and profit while refuting critics. The Chicago School and mainstream Neoclassical economics are both milder forms of the Austrian school accepting the principles of subjective value and marginal utility.

The USSR's press Progress, published some refuations of bourgeois economics in the 70s and 80s but they largely focused on Keynes, who is no longer accepted by mainstream bourgeios economists anyway.

http://www.marxists.org/archive/bukharin/works/1927/leisure-economics/index.htm

[gilhyle]

The USSR's press Progress, published some refuations of bourgeois economics in the 70s and 80s but they largely focused on Keynes, who is no longer accepted by mainstream bourgeios economists anyway.

http://www.marxists.org/archive/bukharin/works/1927/leisure-economics/index.htm


Sure about that ?

[heiss93]

Well since the 1970s, the far more reactionary Neoclassical school has dominated mainstream economics. Krugman was the first outsider to win the Nobel prize in many years. So maybe the winds are changin.