On the Complementary Nature of Marxism Economics and Western Economics
Ye Hai
Abstract
Ye Hai
Abstract
According to author, there are two fields in economic theory: Analytic method economics and Applied economics. In the first field, there is complement between Marxism economics and Western economics. The paper analyzes the basic structures of Marxism economics and Western economics, tries to find out the complement between the two theoretical systems, then studies the significance of Western economics to China's economic reform and the development of China's economics.
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According to author, there are two fields in economic theory: Analytic method economics and Applied economics. In the first field, there is complement between Marxism economics and Western economics. The paper analyzes the basic structures of Marxism economics and Western economics, tries to find out the complement between the two theoretical systems, then studies the significance of Western economics to China's economic reform and the development of China's economics.
Key concepts: Heterodox economics, Applied economics, Mainstream economics, Human development theory, China, Schools of economic thought, Economics, Complement (music)