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Recovering Marx

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Chapter Summary

Marx retained much of his energy and enthusiasm until he died, though his optimism and zeal were increasingly tempered by the sway of capitalism and history's movements. His ultimate goal for life after capitalism was a functioning, technologically advanced society without repressive states or ruling classes. Capitalism produces a developed set of knowledge, distributed institutionally, that explain why capitalism equals human nature and why revolt is logically, politically, and morally unacceptable. Economists often debate Marx's engagement with classical political economy, especially the labor theory of value and/or of the tendency for the rate of profit to fall. Flexible precision and precise flexibility were as much a part of Marx's political thinking as they were central to his scientific thinking. This way of thinking about the world remains scientifically vital and Marxist scholars continue to imagine what sort of socialism capitalism is now making possible.

Keywords: capitalism; Marx; political economy



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