Economics: Marxian versus Neoclassical is the text with a difference. It teaches the fundamentals of economics comparatively - systematically contrasting neoclassical theory with the new Marxian theory that represents the most developed and critical alternative economics.

Instead of the orthodox Marxism of Eastern Europe's discredited command economies, the theory elaborated here represents the systematic alternative to neoclassical theory developed over the past twenty-five years by Marxian scholars in the West. It begins on the solid and systemic foundation set by Marx, but it avoids the dogmatisms that trapped many Marxists in their focus on the U.S.S.R.

Richard Wolff and Stephen Resnick provide a fresh and balanced explication of the differing assumptions, logical structures, and arguments of both theories. Their discussion of neoclassical theory stresses a coherent overview often obscured in standard texts. The treatment of Marxian theory assumes no familiarity with the subject, proceeding from first principles through analysis and social implications.

Wolff and Resnick address the political and philosophical aspects of evaluating and choosing between alternative theories, but without polemics. Whether you teach principles (of micro- or macro-economics), Marxian economics, or comparative economic systems, Wolff and Resnick's comparative approach offers a new and revealing perspective on economics and processes of economic theorizing.

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