Karl Marx after New Institutional Economics

@article{Pagano2007KarlMA,
  title={Karl Marx after New Institutional Economics},
  author={Ugo Pagano},
  journal={Evolutionary and Institutional Economics Review},
  year={2007},
  volume={4},
  pages={27-53}
}
  • Ugo Pagano
  • Published 1 December 2007
  • Economics
  • Evolutionary and Institutional Economics Review
In this paper, we consider the two main causation mechanisms characterizing the Marxian theory: the one running from productive forces to relations of production (Marx I) and the other moving in the opposite direction (Marx II). We argue that Marx did not achieve a satisfactory integration of the two mechanisms and that he failed to point out how multiple technological-institutional paths may stem from the cumulative interactions between relations of production and productive forces. In spite… 
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