On the Remodel of the Theory and its Analysis Model of Economic Growth
Wei Cui
Abstract
Wei Cui
Abstract
The theory of economic growth,being a theoretical reflection on a country's economic development and prevailing over the developed countries after the World War II,has originated from the theory of classicistic economic growth put forward by Adam Smith and David Ricardo.However,the theory itself and its theoretical model are lack of scientific completeness due to the economists' limitation in epistemology.Thus the author of this article holds that we should establish a new theoretical model based on Marxist methodology to guide the research on Chinese economic growth and the transformation of economic growth model.
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The theory of economic growth,being a theoretical reflection on a country's economic development and prevailing over the developed countries after the World War II,has originated from the theory of classicistic economic growth put forward by Adam Smith and David Ricardo.However,the theory itself and its theoretical model are lack of scientific completeness due to the economists' limitation in epistemology.Thus the author of this article holds that we should establish a new theoretical model based on Marxist methodology to guide the research on Chinese economic growth and the transformation of economic growth model.
Key concepts: Marxist philosophy, Economics, Growth theory, Neoclassical economics, Positive economics, Adam smith, Economic model, Economic science