Professor of Economics, Author, Radio Host, Speaker

Richard D. Wolff

Response to criticisms of Marxian Economics

Travis Kendall
posted by | 13pt
March 27, 2017

Could you respond in detail to common criticisms from economists/theories that object to Marxian economics regarding the labor theory of value and falling rate of profit (e.g. The "transformation problem", et al)?

Official response from submitted

Rather than repeat in detail (as you request) those arguments, let me instead point you to where you can find them spelled out: Richard D. Wolff and Stephen Resnick, Contending Economic Theories: Neoclassical, Keynesian and Marxian (Cambridge, MA and London: MIT Press, 2012, Chapter 4.

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  • Richard Wolff
    responded with submitted 2017-03-28 19:54:06 -0400
  • Travis Kendall
    published this page in Ask Prof. Wolff 2017-03-27 16:50:14 -0400
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Richard D. Wolff is Professor of Economics Emeritus at UMass Amherst and a visiting Professor in the Graduate Program in International Affairs of the New School University in New York. Richard Wolff is also a co-founder and active contributor of his non-profit: Democracy at Work

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