2009•Journal of Southwest University of Science and TechnologyRequires access

From Marx to the Modern Equilibrium:A Theoretical Summary

Yan Jun-yin

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Abstract

The mainstream of modern economics analysis paradigm includes equilibrium and non-equilibrium analysis.The equilibrium theory of Marx is a unified logic system including partial equilibrium,general equilibrium,macro-balanced and non-equilibrium analysis;and the labor theory of value is the core of this theory.It has essential difference between Marxian equilibrium theory and modern non-equilibrium theory.It is necessary to draw the modern Western economic theory on developing the study of Marx economic when we carry out the construction of the socialist market economy in the debates on Marx and modern non-equilibrium theory.

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The mainstream of modern economics analysis paradigm includes equilibrium and non-equilibrium analysis.The equilibrium theory of Marx is a unified logic system including partial equilibrium,general equilibrium,macro-balanced and non-equilibrium analysis;and the labor theory of value is the core of this theory.It has essential difference between Marxian equilibrium theory and modern non-equilibrium theory.It is necessary to draw the modern Western economic theory on developing the study of Marx economic when we carry out the construction of the socialist market economy in the debates on Marx and modern non-equilibrium theory.

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Available abstract

The mainstream of modern economics analysis paradigm includes equilibrium and non-equilibrium analysis.The equilibrium theory of Marx is a unified logic system including partial equilibrium,general equilibrium,macro-balanced and non-equilibrium analysis;and the labor theory of value is the core of this theory.It has essential difference between Marxian equilibrium theory and modern non-equilibrium theory.It is necessary to draw the modern Western economic theory on developing the study of Marx economic when we carry out the construction of the socialist market economy in the debates on Marx and modern non-equilibrium theory.

Key concepts: Partial equilibrium, General equilibrium theory, Economics, Neoclassical economics, Mathematical economics, Value theory, Economic equilibrium, Mainstream economics

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