page_title: Neo-Marxism
section_title: Neo-Marxian economics
hierarchical_section_title: Neo-Marxism / Neo-Marxian economics
caption_attribution_description: English: New Symbolization Project, a critical theory club at Boise State University, held the first sustained, multi-disciplinary academic response to the Jordan Peterson phenomenon in late October 2018. Avowed anti-capitalist egalitarians seeking to critique, undermine, and outgrow capitalist realism and reactionary discourses, here several of the attendees and organizers are holding their first meeting at Papa Joe's on Capital Blvd. to schmooze and plan the logistics of the multi-media event, Zero Books and the Cascadia Network being amongst the media participants.
context_page_description: Neo-Marxism is a Marxist school of thought encompassing 20th-century approaches that amend or extend Marxism and Marxist theory, typically by incorporating elements from other intellectual traditions such as critical theory, psychoanalysis, or existentialism.
  As with many uses of the prefix neo-, some theorists and groups who are designated as neo-Marxists have attempted to supplement the perceived deficiencies of orthodox Marxism or dialectical materialism. Many prominent neo-Marxists, such as Herbert Marcuse and other members of the Frankfurt School, have historically been sociologists and psychologists.
  Neo-Marxism comes under the broader framework of the New Left. In a sociological sense, neo-Marxism adds Max Weber's broader understanding of social inequality, such as status and power, to Marxist philosophy. Examples of neo-Marxism include critical theory, analytical Marxism, and French structural Marxism. Erik Olin Wright's theory of contradictory class locations is an example of the syncretism found in neo-Marxist thought, as it incorporates Weberian sociology, critical criminology, and anarchism.
context_section_description: The terms neo-Marxian, post-Marxian, and radical political economics were first used to refer to a distinct tradition of economic theory in the 1970s and 1980s that stems from Marxian economic thought. Many of the leading figures were associated with the leftist Monthly Review School. The neo-Marxist approach to development economics is connected with dependency and world systems theories. In these cases, the 'exploitation' that classifies it as Marxist is an external one, rather than the normal 'internal' exploitation of classical Marxism.
  In industrial economics, the neo-Marxian approach stresses the monopolistic and oligarchical rather than the competitive nature of capitalism. This approach is associated with Michał Kalecki, Paul A. Baran, and Paul Sweezy.
  Such theorists as Samuel Bowles, David Gordon, John Roemer, Herbert Gintis, Jon Elster, and Adam Przeworski have adopted the techniques of neoclassical economics, including game theory and mathematical modeling, to demonstrate Marxian concepts such as exploitation and class conflict.
  The neo-Marxian approach integrated non-Marxist or "bourgeois" economics from the post-Keynesians like Joan Robinson and the neo-Ricardian school of Piero Sraffa. Polish economists Michał Kalecki, Rosa Luxemburg, Henryk Grossman, Adam Przeworski, and Oskar Lange were influential in this school, particularly in developing theories of underconsumption. While most official communist parties denounced neo-Marxian theories as "bourgeois economics," some neo-Marxians served as advisers to socialist or Third World developing governments.
  Despite being an orthodox Marxist economist, Maurice Dobb was also associated with this current.
caption: New Symbolization Project, a critical theory club at Boise State University, held the first sustained, multi-disciplinary academic response to the Jordan Peterson phenomenon in late October 2018; notable Marxist economist Richard D. Wolff and radical theologian Peter Rollins gave the keynotes.
exif: {"Image Make": "OnePlus", "Image Model": "ONEPLUS A3000", "Image XResolution": "72", "Image YResolution": "72", "Image ResolutionUnit": "Pixels/Inch", "Image Software": "OnePlus3-user 8.0.0 OPR1.170623.032 1809150114 release-keys", "Image DateTime": "2018:10:18 18:42:34", "Image YCbCrPositioning": "Centered", "Image ExifOffset": "252", "GPS GPSAltitudeRef": "0", "GPS GPSLatitudeRef": "N", "GPS GPSLatitude": "[43, 36, 19493/1000]", "GPS GPSLongitudeRef": "W", "GPS GPSLongitude": "[116, 12, 27568/625]", "GPS GPSAltitude": "805", "GPS GPSTimeStamp": "[0, 42, 34]", "GPS GPSDate": "2018:10:19", "Image GPSInfo": "762", "Thumbnail Compression": "JPEG (old-style)", "Thumbnail XResolution": "72", "Thumbnail YResolution": "72", "Thumbnail ResolutionUnit": "Pixels/Inch", "Thumbnail JPEGInterchangeFormat": "1070", "Thumbnail JPEGInterchangeFormatLength": "13092", "EXIF ExposureTime": "1/17", "EXIF FNumber": "2", "EXIF ExposureProgram": "Unidentified", "EXIF ISOSpeedRatings": "2500", "EXIF ExifVersion": "0220", "EXIF DateTimeOriginal": "2018:10:18 18:42:34", "EXIF DateTimeDigitized": "2018:10:18 18:42:34", "EXIF ComponentsConfiguration": "YCbCr", "EXIF ShutterSpeedValue": "2029/500", "EXIF ApertureValue": "2", "EXIF BrightnessValue": "3", "EXIF MeteringMode": "Spot", "EXIF Flash": "Flash did not fire, compulsory flash mode", "EXIF FocalLength": "213/50", "EXIF SubSecTime": "643898", "EXIF SubSecTimeOriginal": "643898", "EXIF SubSecTimeDigitized": "643898", "EXIF FlashPixVersion": "0100", "EXIF ColorSpace": "sRGB", "EXIF ExifImageWidth": "3480", "EXIF ExifImageLength": "4640", "Interoperability InteroperabilityIndex": "R98", "Interoperability InteroperabilityVersion": "[48, 49, 48, 48]", "EXIF InteroperabilityOffset": "731", "EXIF SensingMethod": "One-chip color area", "EXIF SceneType": "Directly Photographed", "EXIF ExposureMode": "Auto Exposure", "EXIF WhiteBalance": "Auto", "EXIF FocalLengthIn35mmFilm": "28"}