In Dialectical Economics: An Introduction to Marxist Political Economy, a book published in 1975 by D. C. Heath and Company under the pen name Lyn Marcus, LaRouche tried to show that numerous Marxists – ranging from the Monthly Review group to Ernest Mandel, Vladimir Lenin, Leon Trotsky, Joseph Stalin, Mao Zedong, Fidel Castro and the "Soviet economists" – had failed to correctly understand and interpret Marx's writing. Marxists he admired – apart from Marx himself – were Rosa Luxemburg and Yevgeni Preobrazhensky.
According to a review by Martin Bronfenbrenner in The Journal of Political Economy, about half of the book was devoted to dialectical philosophy, "with a strong epistemological stress", with the other half devoted to discussions of economic and general history, anthropology and sociology, and actual economics, including a surprisingly large helping of business administration – Bronfenbrenner noted that LaRouche seemed to have "more private-business experience than the great majority of academic economists", including a familiarity with the way speculative overcapitalization, operating at the borders of white-collar crime, creates "fictitious capitals" that later do not match their actual earning power. Like Thorstein Veblen, LaRouche subscribed to an overcapitalization theory of economic depression.
According to Bronfenbrenner, LaRouche viewed conventional economics as a "withered arm of philosophy", which had taken a wrong turn towards reductionism under the influence of British empiricists such as Locke and Hume. LaRouche's definition of reductionism was as follows:
The fundamental fallacy of ordinary understanding is the delusion that the universe is reducible to simple substance, or—the more Hume-like view—that the content of human knowledge is limited to simple-substance-like, self-evident sense perceptions. This discredited outlook—whether it takes the naive mechanistic or the equivalent mechanistic outlook of empiricism—is termed reductionism. All varieties of reductionism are formally premised on the fallacious assumption of formal logic, that the universe can be represented as discrete points interconnected by formal relations.
From this it followed, Bronfenbrenner said, that LaRouche viewed bourgeois economists' concern with prices as reductionism, versus the Marxian concern with values. The reductionist fallacy then lies in adjusting a value theory like labor theory to fit in with price theory; in LaRouche's view, economists should work in the opposite direction.
According to Bronfenbrenner, LaRouche viewed capitalist America as headed for a kind of fascism not much better than that of the Nazis; but he noted that LaRouche's own vision of socialism, and the trade-off between necessity and freedom in a centrally planned economy, seemed apt to result in the justification of a different kind of dictatorship:
Judging from his controversial manner, impresses at least one reader as a Me-for-Dictator type to whom it would be dangerous to entrust the task of drawing any boundary between the domain of freedom and that of necessity or order.
Read more about this topic: Views Of Lyndon LaRouche And The LaRouche Movement, Economics and Politics, Marxist Roots
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