So like neoclassical economics as a framework was formalized and developed mostly during the hundred years following Marx’s death so I don’t understand the idea that any of his criticisms were oriented at neoclassical economics, or could’ve possibly taken it into account.

Communism abolishes the individual as economic subject, and the conflicts of interests found in a “market”. Communism abolishes exchange, and abolishes economies. So, no, there is no “market” in a communist mode of production, even by your definition.

I have to be honest I’m not really seeing what you’re saying here because my definition of a market would include just like a neighborhood of people that has like a local nonprofit grocery store that is managed by the people who live there specifically so that people can have food and for no other reason. but maybe like a handful of people notice some problems with the way the grocery store is being run, but are having trouble actually getting people to listen to them so they decide to just show everyone what they mean by starting their own grocery store in the neighborhood too under the same exact community managed model. And I also understand that neoclassical economics gives me extremely powerful tools to analyze situations like that.

I’m just curious is that sort of economy like completely incompatible with your understanding of communism? Also, I would appreciate it if you don’t say something like “well in capitalism ‘stores’ are places where people spend money so there’s literally no way anything remotely resembling this could happen in communism, not even if the food was free”

“Utility” is not a concept I subscribe to per se, unless you just mean use-values in the same sense Marx uses them. I am responding to the concepts you are using. In a communist mode of production, production is, in the famous quote, “according to need”; in a capitalist mode of production, production is divorced from need, and we find production for the sake of production.

Well, since you still haven’t told me what you think the word means in like a formal, well-defined, academic sense, I can’t really tell what your objection to it is. Like at the end of the day it’s just a word, and i have never actually run into a situation where if I thought about it for five minutes, I wasn’t able to actually reconcile the academic concept of utility with Marxism. And in practice, thinking about utility and realizing the highly arbitrary nature under which utility is realized under capitalism, is one of the main things that drew me to leftist economics in the first place.

Marxists use the word “exploitation” differently to its colloquial use. “Exploitation”, in Marx’s critique of political economy, refers to the extraction of surplus-value. I’m not sure if you know what that means or not. I can explain it if you want but you can also look it up; it’s a pretty basic part of Marx’s critique.

I certainly am not using it in a colloquial sense and in fact, I have been using it in the Marxist one the entire time which is why I described a market economy where literally all of the firms are compulsively required to reinvest the very surplus revenue you describe back into the firm itself. So again I’m asking you: in that situation, where is the exploitation?

And then the next important thing is to simply realize that such an economy, whatever you wanna call it (because for some reason you seem like you don’t wanna call it a market and I don’t understand why, but fine) is completely consistent with what is called a “market” in neoclassical economics, and so even if for some reason you think it’s really valuable to say that an economy stop being a market when everybody in the economy isn’t trying to mindlessly get ahead anymore, you can still analyze it as a “market” and resisting this extremely useful framework is only making your own life harder

I mean, it depends. Are you insisting that a market necessarily be composed of extractive firms? Because if so, of course, I can imagine interacting with each other outside of such a structure. But my point is that what people call a “market” in neoclassical economics is literally just any situation where you have a bunch of relatively autonomous groups of people all trying to accomplish various goals all interacting with each other, and so like if we’re going by the neoclassical definition of markets, it really is pretty difficult for me to imagine people interacting with each other outside of that paradigm. The important thing to understand is that even if you hate capitalism, neoclassical economics provide provides a pretty useful framework for analyzing and understanding it, and because of the fact that it can also apply the situations where firms are motivated by other things, like social progress for example, it means it’s perfectly suited for analyzing non-extractive economies too, as long as like people are allowed to come together and work on problems without asking someone else for permission first.

I’m just curious what you think utility is and also who do you think is being exploited in economic institution that literally has to internalize all of the external cost? Also believe it or not I didn’t actually express any political beliefs here so I would appreciate it if you didn’t just assume that because I’m challenging you on your conception of things, it means that I disagree with your politics

Have you ever considered that the model of free market under perfect competition in neoclassical economics doesn’t actually say that the market needs to be powered by the financial profit motive, just that the firms need to maximize their own utility? It’s just that in capitalism these get conflated because it’s almost always one and the same thing. But it doesn’t necessarily have to be the case. If you have an economy composed entirely of mission-oriented nonprofit organizations for example that compulsively reinvest all their excesses and internalize all of their external cost, you can still analyze it as a free market under perfect competition, and ironically, it works even better than it does for capitalism.

I need you to give me a rigorous definition of what a “firm” is. Because I think to a lot of people, “firm” just means “distinct agent participating in an economy” and so the idea that this is something that can or even should be avoided on principle (even if basically all firms organized under capitalism are socially harmful) I think makes people imagine a bunch of hermits that never interact with each.