2013 № 2

The labor theory of value and the marginal utility theory: from the study of the content to the apology perverse forms


In the twentieth century, the theory of marginal utility are wide-spread, creating the basis for the denial of the labor theory of value in scientific and practical significance. However, as paradoxical as it may sound, the theory of marginal utility can be derived from the labor theory of value. The paper the chain of deduceing opportunities and the need for fundamental ideas of mainstream from the logic of «Kapital» is briefly outlined, conclusions about the relationship between the labor theory of value and the theory of marginal utility are made, the necessity of a fundamental study of the modern market on the basis of the Marxist analysis of the production relations of is substantiated.

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Aleksandr V. Buzgalin — Dr. Sci. (Econ.),  Professor of the Department of Political Economy, Faculty of Economics, Lomonosov Moscow State University (Moscow, Russian Federation; e-mail: buzgalin@mail.ru).

Andrey I. Kolganov – Dr. Sci. (Econ.), Head of the Laboratory for the Study of Market Economics, Lomonosov Moscow State University (Moscow, Russian Federation; e-mail:onaglo@mail.ru).