ABSTRACT
This chapter discusses that neoclassical economics switches the course of bourgeois economics away from the 'messy' concern of classical economists like Adam Smith with the production of wealth to questions of distribution of resources among competing ends. Neoclassical economists like David Schweickart simply cannot grasp the centrality of the commodification of labor power to the attributes of 'the market' they worship. The capital or labor nexus at the heart of the process of capital wealth augmentation is the relations of production. It is the capitalist relations of production within the ambit of which labor power is maintained as a commodity that are threatened in the throes of the depression phase of the business cycle. In Marx's Capital and dialectical economic theory, the sort of innovation treated in analysis of business cycle oscillations is limited to industrial technologies that increase the organic composition of capital yet are still amenable to the chrematistic operation of the capitalist market.
