Social coordination problems in classical and Marxian political economy

This paper explores the application of information theory and game theory to questions arising in Adam Smith's Wealth of Nations and Karl Marx's critical reformulation of Smith's analysis in Capital. After introducing the key theoretical concepts of entropy-constrained behavior and the social interaction model, the paper applies them to some central issues in Marxian and classical political economy: the long-period method analysis of commodity production, the social division of labor, commodity production and money, alienation, and the tendency for the rate of profit to fall.

• Publication year

  2020

• Venue

  Review of social economy

• Publication date

  2020-01-02

• Fields of study

  Economics, Political Science

• Identifiers
  DOI 10.1080/00346764.2019.1605617
• External record

  Open on Semantic Scholar

• Source metadata

  Semantic Scholar

• No claims are published for this paper.

• No concepts are published for this paper.

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