Marx, Marshall, and Keynes

Paper Summary:

This paper briefly discusses and compares the economic theories of these three economists and attempts to decide which theory is most applicable to economics. It concludes that it is impossible to apply the scientific method to economic theory.

From the Paper:

"Pragmatism might be a more valuable means to measure the validity of any economic theory or, in fact, economic behavior, and on that basis, the title "Marx, Marshall and Keynes" might better be changed to "A Hodgepodge of Various Theories and Actions to See What Works." In fact, a reading of "Marx, Marshall and Keynes" was sufficient impetus for the proposal of a new economic theory one might call Metaphysical Pragmatism....and Robinson herself opened the door for the inclusion of the metaphysical in a discussion of economics. It is easy enough to reach that conclusion simply by finding a few of the holes in the economic theories of Marx, Marshall and Keynes as explained by Robinson."

More papers on Marx, Marshall, and Keynes:

• Research Proposal # 122696 : "John Marshall and the US Constitution"
• Analytical Essay # 126594 : "John Marshall and Judicial Review"
• Essay # 88791 : "Biography as Theory"

APA Citation:

MLA Citation: