Affiliation:
1. Former Professor of Economics at Jawaharlal Nehru University, New Delhi, India.
Abstract
This article is concerned with the normative structure underlying the Marxist doctrine and its logical consistency. Two of the most fundamental elements of Marxism are historical materialism and the idea of justice underlying an exploitation-free society. It is argued in the paper that these two elements do not cohere with each other; and that the construction of an interpretation that would make the normative structure underlying Marxism logically consistent poses intractable difficulties. JEL: B51