Socialist Labor Value:Its Connotation and Content

Traditional political economics took mistakenly Marx's commodity value determination in capitalist society for a generalized theory in value determination. In fact, Marx's theory on commodity value determination is only an abstraction of value determination, apart from which Marx also undertook in-depth study into the wide significance of labor in its effect on the liberal development of a man. In order to accommodate the requirement of study on labor and labor value under socialist constitution, research has to be done beyond the limit of abstract value determination theory to establish generalized value determination theory and reveals its true connotations and contents.