2009Journal of Shijiazhuang of University of EconomicsRequires access

Contemporary Value of Marx Firm Theory

Wei Guo

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Abstract

In the Capital,Marx constructed the first analysis framework of firm theory by means of analyzing power definition of firm contractors and differences of interior division of work and social division of work.Marx firm theory′s systematization,profundity,and normalization made it have prominent position in the history of firm theory.It is different from western firm theory in power allocation source,cause interpretation and evolution logic of firm theory.With comparative,Marx firm theory is more complete and systematic.Through the further study of Marx firm theory the author thinks that Marx firm theory has very important theoretical value and practical meaning for our firm reform,especially for state-owned enterprises.

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In the Capital,Marx constructed the first analysis framework of firm theory by means of analyzing power definition of firm contractors and differences of interior division of work and social division of work.Marx firm theory′s systematization,profundity,and normalization made it have prominent position in the history of firm theory.It is different from western firm theory in power allocation source,cause interpretation and evolution logic of firm theory.With comparative,Marx firm theory is more complete and systematic.Through the further study of Marx firm theory the author thinks that Marx firm theory has very important theoretical value and practical meaning for our firm reform,especially for state-owned enterprises.

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Available abstract

In the Capital,Marx constructed the first analysis framework of firm theory by means of analyzing power definition of firm contractors and differences of interior division of work and social division of work.Marx firm theory′s systematization,profundity,and normalization made it have prominent position in the history of firm theory.It is different from western firm theory in power allocation source,cause interpretation and evolution logic of firm theory.With comparative,Marx firm theory is more complete and systematic.Through the further study of Marx firm theory the author thinks that Marx firm theory has very important theoretical value and practical meaning for our firm reform,especially for state-owned enterprises.

Key concepts: Theory of the firm, Neoclassical economics, Economics, Value theory, Value (mathematics), Firm offer, Labor theory of value, Capital (architecture)

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