Marx, Economic Sustainability, and Ideal Capital

Sean Bustard
My purpose in this work is to argue that the resolution of capitalism's contradictions, as they are understood by Marx, fits the criteria of an economic movement towards sustainability. The Marxist analysis of capitalism, while accurate in many respects (especially with the explanation of contradictions generated in the capitalist free market), requires more explanation of the manner in which the economic process of valuation is to continue in the stages succeeding late capitalism. This work
more » ... l provide an explanation of this economic transition that remains faithful to Marx's understanding of history and the historical development of the productive forces and the relations of production. I will propose the inclusion of ideal capital (the valuation of non-material goods) as an economic component to help explain a sustainable economic arrangement under a Marxian framework. I will additionally address critiques arising from Bohm-Bawerk in my endorsement of a Marxian economic analysis.
doi:10.57709/1332106 fatcat:ykftcseuivd33nmvvir5kh2uyi