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micro-economic foundations for Marxism
usingrational choice theory, and to dis-
place dialectics with analytical philosophy and
the labour theory of value withneo-classical
economics. Realist Marxists have sought to
provide a stronger philosophical shell for
Marxism by drawing upon recent develop-
ments in the philosophy ofrealism(Brown,
Fleetwood and Roberts, 2002). Anti-essential-
ist Marxists have sought to expunge the last
remnants of economic determinism from Al-
thusserian Marxism (Resnick and Wolff, 1987;
cf.essentialism) and ‘postmodernist Marxists’
such as Laclau and Mouffe (1985) have tried to
find a rapprochement with Jacques Derrida’s
deconstruction(see also postmodernism;
post-structuralism). Whether many of these
lines of development are still definably ‘Marx-
ist’ or whether they are ‘post-marxist’isan
open, and perhaps irrelevant, question.
Indeed, some of the most interesting work is
being generated through dialogues and cri-
tiques across boundaries, such as Deleuze
and Guattari’s (1984) conjunction, inCapital-
ism and schizophrenia, of Sigmund Freud,
Marx and Baruch Spinoza, orcritical realist
attempts to find complementarities between
Marx and Michel Foucault (Marsden, 1999)
or Hardt and Negri’s fusion of elements from
Marx, Gilles Deleuze and Spinoza in their
Empire(2000). There have also been vital
engagements withhuman geography. Many
geographers have been influenced by the dis-
cipline’s remarkably late reading of Marx:
most other social sciences – notably anthro-
pology, economics and sociology – had a much
longer history of coming to terms with Marx
and Marxism, but it would be a mistake to
limit the influence of Marx’s writings to the
ongoing project of amarxist geography, not
least because so many of the other disciplines
with which human geography has entered into
conversation have themselves been marked by
Marxism, and those traces have in turn left
their own marks on geographical enquiry.
There has also been a still more belated return
movement, in which contemporary Marxism
has started to come to terms with the core
concerns of human geography. On one side,
these have involved conceptual elaborations of
place,spaceandnaturethat in turn require
reformulations of some of Marxism’s basic
postulates. Harvey (1999 [1982]) in particular
has sought to re-theorize Marxism as a
historico-geographical materialism capable of
addressing the characteristically uneven
developmentof capitalism (cf.production
of space). On the other side, there has been
a constructive critique of theethnocentrism
of not only classical Marxism (where the for-
malization of an ‘Asiatic’ mode of production
is today an embarrassment) but of the
‘Westernness’ of Western Marxism. This has
involved an appreciation of the production of
substantive geographical differences, which
has been made possible by studies inregional
geographythat have been revitalized by an
engagement with a post-colonialism that
has itself been inspired and provoked by
Marx’s legacy. As a result of these various
challenges, critiques and conversations,
Marxism continues to develop as a living
tradition, interacting with surrounding cur-
rents in new ways, and spinning off a variety
of hybrid forms. kb
Marxist economics A heterodox field that
spans the methodological gamut from struc-
tural andclass-centred relational anddia-
lectical approaches to individual-centred
rational choiceapproaches. If something
called ‘Marxist economics’ coheres, it is be-
cause of what it is not – namely, neo-
classical economics(however, subsets of
rational choice Marxism that seek to give
Marxist economics a ‘micro-foundation’ –
these would include the projects of Adam
Przeworski, Samuel Bowles, Herbert Gintis
or John Roemer – veer perilously close to
post-Walrasian variants of neo-classical the-
ory). In the simplest formulation, Marxist
economics, unlike its neo-classical counter-
part, views individuals as social beings:as
such, it emphasizes social structure more
than individual behaviour. It draws attention
to class struggle, which, it contends, is inter-
woven with every other aspect of society in
complex and contradictory ways. Theecon-
omyis understood as a terrain where class
exploitation occurs and exerts its powerful in-
fluence over the rest of social life. ‘Exploitation’
is a key operator in most versions of Marxist
economics, and refers to a ‘class process in
which the person who performs surplus labor
is not also the person who appropriates it’
(Wolff and Resnick, 1987, p. 167). Note that
the description of Marxist economics so far is
not confined to the analysis ofcapitalism.
The historian Robert Brenner, for example,
has offered a remarkable class-based analysis
of the jagged transition fromfeudalismto
early capitalism in Western Europe and con-
vincingly illustrated the generality of Marxist
economics as a framework for understanding
economic crises and growth cycles. Parting
company with those rational-choice Marxists
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MARXIST ECONOMICS