Capitalism, competition and class conflicts: A pedagogical introduction to Marxist political economy

Yadav, Srishti (2025) Capitalism, competition and class conflicts: A pedagogical introduction to Marxist political economy. Review of Development and Change, 30 (1_supp). pp. S103-S118. ISSN 0972-2661

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Abstract

This article offers an introduction to Marxian economics for the uninitiated student or instructor. It first places Marxian economics within the surplus approach and ties Marx’s economic analysis with his theory of history, that is, historical materialism. The concepts of class, mode of production and antagonism are introduced. The article then discusses Marx’s analysis of capitalism. This is performed by first introducing the reader to the labour theory of value and then to the circuit of capital. The conflict between capital and labour and the conflict between capital and capital are explored around the question of technological change and innovation. This is followed by a brief discussion of the capitalist crises in the Marxian framework, after which the article concludes by presenting two strands of debate within Marxian economics.

Item Type:	Article
Authors:	Yadav, Srishti
Document Language:	Language English
Uncontrolled Keywords:	Marxian economics, Marxist political economy, capitalism, capital relation, surplus approach
Subjects:	Social sciences > Economics > Socialism & related systems Social sciences > Economics > Production
Divisions:	Azim Premji University - Bengaluru > School of Arts and Sciences
Full Text Status:	Restricted
URI:	http://publications.azimpremjiuniversity.edu.in/id/eprint/7842
Publisher URL:	https://doi.org/10.1177/09722661241311378

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