Innovation on the Theory of Labor and Labor Value

The theory of labor and labor value founded by Marx is the cornerstone of the economic theory of Marxism. Its great significance consists in that it reveals the nature of capitalism and guides the proletarian revolution. However, the traditional theory has been challenged by the rapid change of the new epoch and social development. It is imperative to meet the challenge by means of promoting innovation of the theory of labor and labor value and creating a theoretical system of labor and labor value in our socialist society on the basis of adequate practice.