2005Economic SurveyRequires access

Compatibility of Monistic Theory of Labor Value and Multiple Theory of Use Value

Zhang Fei-an

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Abstract

After an analysis on the research aim and subject of Marx's theory of labor value, the author argues the importance of master Marx's theory correctly. Then, a summary of different viewpoints on the theory of labor value is made to demonstrate that the way to expand the meaning of labor does not coincide with Marx's theory. Therefore, we should still obey Marx's theory of labor value, say, only labor itself create value, but we should also agree with that capital, technology and so on create use value just as labor does. In this method, we not only can preserve the perfect system of Marx's theory of labor value, but also that will not go beyond the reality very much.

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After an analysis on the research aim and subject of Marx's theory of labor value, the author argues the importance of master Marx's theory correctly. Then, a summary of different viewpoints on the theory of labor value is made to demonstrate that the way to expand the meaning of labor does not coincide with Marx's theory. Therefore, we should still obey Marx's theory of labor value, say, only labor itself create value, but we should also agree with that capital, technology and so on create use value just as labor does. In this method, we not only can preserve the perfect system of Marx's theory of labor value, but also that will not go beyond the reality very much.

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Available abstract

After an analysis on the research aim and subject of Marx's theory of labor value, the author argues the importance of master Marx's theory correctly. Then, a summary of different viewpoints on the theory of labor value is made to demonstrate that the way to expand the meaning of labor does not coincide with Marx's theory. Therefore, we should still obey Marx's theory of labor value, say, only labor itself create value, but we should also agree with that capital, technology and so on create use value just as labor does. In this method, we not only can preserve the perfect system of Marx's theory of labor value, but also that will not go beyond the reality very much.

Key concepts: Labor theory of value, Viewpoints, Value theory, Value (mathematics), Neoclassical economics, Economics, Monism, Subject (documents)

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