Is it worth making sense of Marx?

Inquiry 29 (1-4):57 – 63 (1986)
This essay explores Elster's analysis of Marx's theory of historical evolution. The meaning of the terras ?productive forces? and the ?relations of production? are examined both as specified by Marx and interpreted by Elster. The essay then goes on to demonstrate how the modern literature on transaction costs can provide a more precise and useful framework within which to explore the ongoing tension between productive forces and relations of production
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