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Date: | Wed Jan 17 13:25:59 2007 |
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The story of Marx abandoning further work on _Capital_ after reading Jevons
and Menger is totally improbable. The only criticism which he worried about
was that raised later by Boehm-Bawerk (Karl Marx and the Close of his
System) and which Marx anticipated in vol. III (part II, ch. IX) of _Das
Kapital_. Marxists scholars dismissed the Jevons Menger theory en passant
(e.g., Antonio Labriola, in the Postscript to the French edition of
_Socialism and Philosophy_ in 1898 and R. Luxemburg in the chapter "economic
development and socialism" of _Reform or Revolution_ discussing the
"Boehm-Jevons" (sic) reference of E. Bernstein. To my knowledge, the first
complete discussion of the marginalist school by a marxist economist was
that of Nikolai Bukharin, "The political economy of the rentier" written in
1914 and translated into English as _The Economic Theory of the Leisure
Class_ in 1927.
BTW, Bernard Shaw's fascination with Jevons [as Engel's
Preface to vol. III cited by Michael Perelman points out] was the result of
P.H. Wicksteed review of _Capital_ in Today (1884).
Nicholas J. Theocarakis
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