Title: Marginalism and Marxism:the Relationship in the Concept of Value
Abstract: The labour theory of value and the utility theory of value have been considered as the two distinct economic systems.And these two have been distinguished by the origin of value.This paper argues that value is the kernel of Marginalism and Marxism in fact.With the same concern,they started to exploit the origin of value.To Marxism,labour is an abstract concept subject to some social environment.To Marginalism,utility is also an abstract concept under the assumption of resources scarcity.These two theories provide the analysis of social relationship.
Publication Year: 2000
Publication Date: 2000-01-01
Language: en
Type: article
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