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1995 | OriginalPaper | Buchkapitel

Limited Capitalism, Institutionalism, and Marxism

verfasst von : James Ronald Stanfield

Erschienen in: Economics, Power and Culture

Verlag: Palgrave Macmillan UK

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This chapter examines a part of the relationship between institutionalism and Marxism. Particular attention is given to Ayres (1946), Galbraith (1967), and Baran and Sweezy (1966). The procedure of the chapter is to review Ayres’ analysis of the underconsumption tendency of capitalism and demonstrate its remarkable similarity to the analysis of Baran and Sweezy. Then it is argued that Galbraith’s analysis identifies the capitalist solution to this problem and that this analysis is important to contemporary Marxism. Finally, it is argued that Galbraith’s analysis is itself incomplete without something like the Marxist theory of alienation.

Metadaten
Titel
Limited Capitalism, Institutionalism, and Marxism
verfasst von
James Ronald Stanfield
Copyright-Jahr
1995
Verlag
Palgrave Macmillan UK
DOI
https://doi.org/10.1007/978-1-349-23712-8_10