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2005•Journal of Guangdong Business CollegeRequires access

Re-understand Capital and Surplus Value in Socialist Market Economy

Bai Yong-xiu

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Abstract

Although Marx used capital and surplus value in analyzing capitalist economy and he believed that they were unique in capitalism, these two categories also exist in socialist market economy. Marx investigated capital and surplus value in a special sense. If this investigation is generalized, it can apply to socialist market economy, only with certain changes in them in accordance with the changes of economic conditions.

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Although Marx used capital and surplus value in analyzing capitalist economy and he believed that they were unique in capitalism, these two categories also exist in socialist market economy. Marx investigated capital and surplus value in a special sense. If this investigation is generalized, it can apply to socialist market economy, only with certain changes in them in accordance with the changes of economic conditions.

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Available abstract

Although Marx used capital and surplus value in analyzing capitalist economy and he believed that they were unique in capitalism, these two categories also exist in socialist market economy. Marx investigated capital and surplus value in a special sense. If this investigation is generalized, it can apply to socialist market economy, only with certain changes in them in accordance with the changes of economic conditions.

Key concepts: Surplus value, Capitalism, Economics, Capital (architecture), Value (mathematics), Prices of production, Socialist economics, Market economy

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