What is it about?
Marx devoted much of his life to writing his 3 volume CAPITAL. It's subject is the economic study of capitalism and critique of political economy of Marx's day where only partial, one-sided views of capitalism were produced by his contemporaries. Unfortunately, "Marxism" as a body of thought claiming lineage to Marx has largely, with but few exceptions, been construed as a master theory of historical directionality. This article interrogates that hackneyed view from the perspective of modern philosophy of science debate.
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Why is it important?
It is important because only on the foundation of Marx's economic theory in CAPITAL can capitalism be completely understood and critiqued and a future, non-capitalist, viable socialist society be envisioned.
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This page is a summary of: Roy Bhaskar’s Critical Realism and the Social Science of Marxian Economics, Review of Radical Political Economics, September 2018, SAGE Publications,
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