Everything Old is "Neo" Again

Towards a Marxist Hermeneutic Approach to Political Economy

Bibliographic Data

ID4956336
AuthorsTom Hoctor (0000-0001-5695-0898)
Year2022
Volume27
Issue5
Pages148-161
Publication date2022-09-03
Peer ReviewedYes
Open AccessNo
TypeARTICLE
VenueAngelaki (JOURNAL)
Journal identifiersISSN: 0969-725X • E-ISSN: 1469-2899
PublisherInforma UK Limited (PUBLISHER • GB)
DOI10.1080/0969725x.2022.2110401
OpenAlexW4296480580
LanguageEN
References cited38

This article sets out the contours of a Marxist hermeneutic approach to political economy. It begins by outlining how such a critique of political economy would function, with a particular emphasis on approaches which understand the discipline of economics as theory. It further claims that critique is over-reliant on the concept neoliberalism; that the categories proper to economic critique are value, time and space and that the innovation of a hermeneutic approach would be to reintroduce a sphere for antagonism through the analysis of the relationship of economic theory to value. To substantiate this argument, I offer an analysis of some important trends in recent scholarship on neoliberalism, notably the regulation school and the work of Wendy Brown. The article concludes by arguing that a reorientation towards value is timely and necessary, given the serious global recession precipitated by the Coronavirus and the economic reorganisation which will ensue

Argument (complex analysis · Capitalism · Economics · Epistemology · Function (biology · Marxist philosophy · Neoclassical economics · Neoliberalism (international relations · Political science · Politics · Positive economics · Scholarship · Social science · Sociology · Value (mathematics · Housing, Finance, and Neoliberalism · Political and Economic history of UK and US · Political Economy and Marxism · Law · Philosophy

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