Marxism vs. marginalism

Abstract

The paper contains objections by F. Wicksteed, an English scholar, and R. Kapelyushnikov, a scholar from Russia, against K. Marx’s theory which is considered by both as erroneous in comparison with triumphant marginalism. The author gives his own arguments to prove a vital force of Marxism which has offered a complex scientific criticism of capitalism, and shown the exploitative nature and historical doom of the latter as an unfair and inhumane society.