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Engel's Theoretical Preference Concerning Western Mainstream Economics in His Later Years

GU Hai-liang

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Abstract

In his later years,Engels emphasized changes brought about by time and paid special attention to check the tendency ofabsoluteunderstanding of Marxist economics.He insisted on criticizing the western mainstream economics,but it was not meant to maintain authority of Marxist economics,but to safeguard the scientific nature of Marxist economics.He advocated close examination and discussion and opposed arbitrarily dismissing an idea without further proof.He held that the crucial mistake of marginalism lay in their abandoning many scientific and rational aspects of classical economics and thus weakened its foundation.Consequently,marginalism became an reaction against traditional economics,which led to spread of philistinism of economics.

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In his later years,Engels emphasized changes brought about by time and paid special attention to check the tendency ofabsoluteunderstanding of Marxist economics.He insisted on criticizing the western mainstream economics,but it was not meant to maintain authority of Marxist economics,but to safeguard the scientific nature of Marxist economics.He advocated close examination and discussion and opposed arbitrarily dismissing an idea without further proof.He held that the crucial mistake of marginalism lay in their abandoning many scientific and rational aspects of classical economics and thus weakened its foundation.Consequently,marginalism became an reaction against traditional economics,which led to spread of philistinism of economics.

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Available abstract

In his later years,Engels emphasized changes brought about by time and paid special attention to check the tendency ofabsoluteunderstanding of Marxist economics.He insisted on criticizing the western mainstream economics,but it was not meant to maintain authority of Marxist economics,but to safeguard the scientific nature of Marxist economics.He advocated close examination and discussion and opposed arbitrarily dismissing an idea without further proof.He held that the crucial mistake of marginalism lay in their abandoning many scientific and rational aspects of classical economics and thus weakened its foundation.Consequently,marginalism became an reaction against traditional economics,which led to spread of philistinism of economics.

Key concepts: Marxist philosophy, Mainstream economics, Mistake, Schools of economic thought, Positive economics, Mainstream, Heterodox economics, Philosophy and economics

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