Note: "Marxian" is not restricted to "Marxian economics," as it includes those inspired by Marx's works who do not identify with "
Marxism" as a political ideology. Marxian economics refers to a body of
economic thought stemming from the work of
Karl Marx. The adherents of Marxian economics, particularly in academia, distinguish it from
Marxism as a political ideology, arguing that Marx's approach to understanding the economy is intellectually valuable per se, independent of Marx's advocacy for revolutionary
socialism or the inevitability of
proletarian revolution. It does not lean entirely upon the work of Marx and other widely known Marxists (
Lenin,
Trotsky, etc.), but may draw from a range of Marxist and non-Marxist sources. His work is seen as the basis for a viable analytic framework and an alternative to more conventional
neoclassical economics.
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