Approaches to Neo-Marxist Synthesis in Political Economy [regarding the monograph by V.T. Ryazanov, «Modern Political Economy: Prospects for Neo-Marxist Synthesis»]

Abstract

The article is a review of a new monograph by the famous Russian theoretician-economist V.T. Ryazanov, «Modern Political Economy: Prospects for Neo-Marxist Synthesis». The focus is on the possibilities and content of neo-Marxist synthesis in political economy. Its new subject field, reflecting major changes in modern capitalism, is revealed. The scientific potential of classical political economy and the accumulated theoretical developments of heterodox schools that oppose the mainstream in modern economic theory are also shown. All this taken together makes it possible to lay the foundations of neo-Marxist synthesis as a new version of Marxist political economy. The review reveals specific theoretical, methodological and concrete economic problems studied in the monograph, and some critical remarks are made. According to the reviewer, this monograph can be an important step in contributing to the full revival of political economy in the public, scientific and educational space.