Marxian Microfoundations: Contribution or Detour?
This article celebrates and critically examines the twenty-five-year productive, yet highly controversial, Marxian microfoundations (MM) literature. The contentious methodological debate over MM that is dominated by fundamentalist positions on both sides is evaluated and rejected. An alternative, ce...
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| Published in | The Review of radical political economics Vol. 38; no. 4; pp. 569 - 594 |
|---|---|
| Main Author | |
| Format | Journal Article |
| Language | English |
| Published |
Thousand Oaks, CA
SAGE Publications
01.10.2006
Sage SAGE PUBLICATIONS, INC |
| Subjects | |
| Online Access | Get full text |
| ISSN | 0486-6134 1552-8502 |
| DOI | 10.1177/0486613406293222 |
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| Abstract | This article celebrates and critically examines the twenty-five-year productive, yet highly controversial, Marxian microfoundations (MM) literature. The contentious methodological debate over MM that is dominated by fundamentalist positions on both sides is evaluated and rejected. An alternative, centrist, methodological defense of MM is developed. Having established a methodological basis for MM, the micro contributions of the existing literature are evaluated in the following subject areas: methodology, accumulation and crisis, labor process and labor market segmentation, technical change, and class and exploitation. I conclude that although the MM literature has made significant contributions to strengthening Marxian arguments/propositions, there is room for improvement in the areas of integrating existing MM with common themes, improving modeling techniques, developing better linkages between micro and macro behaviors, expanding the analysis to neglected topics, and empirically verifying underlying assumptions. |
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| AbstractList | This article celebrates and critically examines the twenty-five-year productive, yet highly controversial, Marxian microfoundations (MM) literature. The contentious methodological debate over MM that is dominated by fundamentalist positions on both sides is evaluated and rejected. An alternative, centrist, methodological defense of MM is developed. Having established a methodological basis for MM, the micro contributions of the existing literature are evaluated in the following subject areas: methodology, accumulation and crisis, labor process and labor market segmentation, technical change, and class and exploitation. I conclude that although the MM literature has made significant contributions to strengthening Marxian arguments/propositions, there is room for improvement in the areas of integrating existing MM with common themes, improving modeling techniques, developing better linkages between micro and macro behaviors, expanding the analysis to neglected topics, and empirically verifying underlying assumptions. Reprinted by permission of Sage Publications Ltd This article celebrates and critically examines the twenty-five-year productive, yet highly controversial, Marxian microfoundations (MM) literature. The contentious methodological debate over MM that is dominated by fundamentalist positions on both sides is evaluated and rejected. An alternative, centrist, methodological defense of MM is developed. Having established a methodological basis for MM, the micro contributions of the existing literature are evaluated in the following subject areas: methodology, accumulation and crisis, labor process and labor market segmentation, technical change, and class and exploitation. I conclude that although the MM literature has made significant contributions to strengthening Marxian arguments/propositions, there is room for improvement in the areas of integrating existing MM with common themes, improving modeling techniques, developing better linkages between micro and macro behaviors, expanding the analysis to neglected topics, and empirically verifying underlying assumptions. This article celebrates & critically examines the twenty-five-year productive, yet highly controversial, Marxian microfoundations (MM) literature. The contentious methodological debate over MM that is dominated by fundamentalist positions on both sides is evaluated & rejected. An alternative, centrist, methodological defense of MM is developed. Having established a methodological basis for MM, the micro contributions of the existing literature are evaluated in the following subject areas: methodology, accumulation & crisis, labor process & labor market segmentation, technical change, & class & exploitation. I conclude that although the MM literature has made significant contributions to strengthening Marxian arguments/propositions, there is room for improvement in the areas of integrating existing MM with common themes, improving modeling techniques, developing better linkages between micro & macro behaviors, expanding the analysis to neglected topics, & empirically verifying underlying assumptions. References. [Reprinted by permission of Sage Publications Inc., copyright 2006.] This article celebrates and critically examines the twenty-five-year productive, yet highly controversial, Marxian microfoundations (MM) literature. The contentious methodological debate over MM that is dominated by fundamentalist positions on both sides is evaluated and rejected. An alternative, centrist, methodological defense of MM is developed. Having established a methodological basis for MM, the micro contributions of the existing literature are evaluated in the following subject areas: methodology, accumulation and crisis, labor process and labor market segmentation, technical change, and class and exploitation. I conclude that although the MM literature has made significant contributions to strengthening Marxian arguments! propositions, there is room for improvement in the areas of integrating existing MM with common themes, improving modeling techniques, developing better linkages between micro and macro behaviors, expanding the analysis to neglected topics, and empirically verifying underlying assumptions. [PUBLICATION ABSTRACT] |
| Author | Goldstein, Jonathan P. |
| Author_xml | – sequence: 1 givenname: Jonathan P. surname: Goldstein fullname: Goldstein, Jonathan P. organization: Department of Economics, Bowdoin College, 9700 College Station, Brunswick, ME 04011-8497 |
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| Snippet | This article celebrates and critically examines the twenty-five-year productive, yet highly controversial, Marxian microfoundations (MM) literature. The... This article celebrates & critically examines the twenty-five-year productive, yet highly controversial, Marxian microfoundations (MM) literature. The... |
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| SubjectTerms | Accumulation Economic theory Exploitation Foundations Labor market Labor Market Segmentation Labor Process Macroeconomics Market segmentation Marxism Methodological approaches Methodology Political economy Research methodology Studies Technological change |
| Title | Marxian Microfoundations: Contribution or Detour? |
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