2004Journal of Hubei University of EconomicsRequires access

Marx's Firm Theory and its Implications--and on its Consilience with Western Firm Theory

Gao Yu-lin

Open publisher page 0 citations

Abstract

In the view of Marx, the firm is the mechanism which is made by production and in which capital produces. Marx's research into the internal structure of the firm not only revealed the opposite and incompatible side of the relations between labor and capital, but also accepted its dependent and cooperative side. While there are great differences between the paradigm of Marxist economics and that of Western economics, it couldn't impede our pursuit of both common foundation and consilience of the cognition of firms. Marx's thought of firms still has vigor. It is of significant values for the construction of the firms with Chinese Charateristics, especially for the reform of state-owned firms.

About this research paper

What this paper is about

In the view of Marx, the firm is the mechanism which is made by production and in which capital produces. Marx's research into the internal structure of the firm not only revealed the opposite and incompatible side of the relations between labor and capital, but also accepted its dependent and cooperative side. While there are great differences between the paradigm of Marxist economics and that of Western economics, it couldn't impede our pursuit of both common foundation and consilience of the cognition of firms. Marx's thought of firms still has vigor. It is of significant values for the construction of the firms with Chinese Charateristics, especially for the reform of state-owned firms.

Why it matters

A significance statement is not available in the OpenAlex record.

Key contribution

A contribution statement is not available in the OpenAlex record.

Method / approach

Method details are not available in the OpenAlex metadata.

Main findings

Findings are not separately available in the OpenAlex metadata.

Limitations

Limitations are not available in the OpenAlex metadata.

Applications

Application details are not available in the OpenAlex metadata.

Available abstract

In the view of Marx, the firm is the mechanism which is made by production and in which capital produces. Marx's research into the internal structure of the firm not only revealed the opposite and incompatible side of the relations between labor and capital, but also accepted its dependent and cooperative side. While there are great differences between the paradigm of Marxist economics and that of Western economics, it couldn't impede our pursuit of both common foundation and consilience of the cognition of firms. Marx's thought of firms still has vigor. It is of significant values for the construction of the firms with Chinese Charateristics, especially for the reform of state-owned firms.

Key concepts: Consilience, Neoclassical economics, Economics, Marxist philosophy, Mechanism (biology), Capital (architecture), Theory of the firm, Foundation (evidence)

Related papers

Back to paper searchBrowse research topicsOriginal source
Marx's Firm Theory and its Implications--and on its Consilience with Western Firm Theory — Research Paper | ScholarLens