An examination of the micro and macro economic concepts of Marx. A review of the classical theory, value, social processes, advantages and disadvantages.
Written in 1989; 1,125 words; 10 sources; $ 39.95
From the Paper:
Introduction
"This research examines the Marxist economic system. In this examination, the interrelation between micro and macro economics is considered. Modern economics is divided into the two major areas of macroeconomics and microeconomics. The difference between the two branches of economics lies in the level of aggregation at which economic phenomena are studied. Macroeconomics is primarily concerned with the study of relationships between broad economic aggregates, such as (1) national income, (2) aggregate saving and investment, (3) the quantity of money, (4) employment, (5) consumer spending, and (6) many other high level aggregations (Rees, 1984).
Microeconomics, by contrast, is concerned with the study of individual decision units..(1) consumers, (2) households, and (3)..."
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