Value creation in the production of services: a note on Marx

Article Abstract:

Marx theorized that the financial services would decrease because they are unproductive and do not create value in the way that labour does. However, the finance sector has flourished and this can be explained by adapting Marx's theory on services to accept that commercial and productive capital can work together as dual capital to create value. Value-creating capital may be a small part of the equation but it is still important because it is what drives the industry.

Value (Economics)

---

Methodological dualism and the microfoundations of Marx's economic theory

Article Abstract:

Marxists vary in terms of how they tackle human agency and structural constraints in theories of how the capitalist system works. Marxist economists have tended to focus on structure rather than agency, though some Marxist philosophers give more weight to agency. The dialectical method employed by Marx uses a form of reductionism. Marx focused on commodities rather than individuals and this represents a methodological dualist percpective on society.

Marxist economics, Dialectical materialism

---

The market and exploitation in Marx's economic theory: a reinterpretation

Article Abstract:

Karl Marx's attempt to present the entire story of exploitation is the reason for his transformation procedure in 'Capital.' This work is defined by the theories that the commodity notion encloses a unified account of prices and that the resulting development of this notion is dependent on the switch in rules within this unified account.

Capital (Book)

Similar abstracts:

• Abstracts: Vertical integration: synergy or seduction? The new business enlightenment. Brief case: why do companies over-diversify?
• Abstracts: Decentralization and the coordination problem. Learning in Cournot oligopoly - an experiment. Two are few and four are many: number effects in experimental oligopolies
• Abstracts: Further reflections on the behavioral norms of Islamic economics. The logic of financial westernization in the Middle East
• Abstracts: International stock exchange listing and the reduction of political risk. Stock-price reaction to equity issues of utilities: the influence of regulatory climate
• Abstracts: Real exchange rates and the pattern of trade: comparative dynamics for north and south. The unbiased forward rate hypothesis re-examined

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.