SCHUMPETER AND MARX: HISTORY OF ONE CONTRADICTION
This article aims to demonstrate the possibility of a synthesis between economic theories, the approaches and conclusions of which are traditionally considered as incompatible. The labor theory of Karl Marx and the theory of innovation of Joseph Schumpeter are taken as such. The subject on basis of relation to which these theories are compared is the rate of profit - or rather, its historical trends to change. According to Marx's approach, the rate of profit has historically tended to decline; from the point of view of an approach that focuses on innovation, the situation is opposite. Author demonstrates in this paper that by means of clear terminological distinctions and using of mathematical modeling based on preliminary theoretical analysis, this contradiction can be easily removed. This example gives a clear proof that in the process of the historical development of science, not only a competition of approaches and theories is possible, but also their synthesis.