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The Paradox of Marxist Economics

Dogmas and Reality

  • Book
  • © 2023

Overview

  • Analyzes the inherent contradictions of Marxist economic theory
  • Highlights the distinctive features of socialist and capitalist economic systems
  • Discusses the practice of socialism in relation to Marxist economics

Part of the book series: Springer Studies in Alternative Economics (SSAE)

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Table of contents (16 chapters)

Keywords

About this book

This book explains the inherent contradictions of Marxist economic theory and how they became apparent when the theory was applied in practice. It introduces the main theories and authors of Marxist economic thought, explores its implementation in the Soviet Union and the People's Republic of China, and offers a comparative analysis of the main distinctive features of socialist and capitalist economic systems. In turn, the book provides answers to the following questions: What has happened to the "socialist reality" and why has it become unacceptable for society? What are the causes of the collapse of the socialist economic system? This book appeals to scholars and students of economics and anyone interested in Marxist economic thinking and the practice of socialism.

Authors and Affiliations

  • Vilnius Gediminas Technical University, Vilnius, Lithuania

    Vladislavas Petraškevičius

About the author

Vladislavas Petraškevičius is a professor at the Faculty of Business Management of the Department of Economic Engineering at Vilnius Gediminas Technical University (VGTU), Lithuania. 

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