Exploring the Development of Labor Theory Value in Market-oriented Socialist Economy

The value that forms by labor expenditure is the that the mankind want to obtain social wealth for themselves; it is the relative factors making up productive power of labor that create the social wealth together, and make contribution on obtaining social wealth. Marx's labor theory of value gives expression to above-mentioned thoughts on elaborating the basic problems, but meanwhile it also produces deviation on discussing the theory of surplus value, that is: Thinking cost as contribution, so later on many people who support and criticize confuse forming value with creating value, and it leads to argument continually but is lack of persuasiveness, particularly it could not explain the practical problem in the situation of socialist market economy. Thus, we should go back to Marx's elaboration on the basic problem of labor theory of value, and go about understanding Marx's labor theory of value accurately, explore the development of Marx's labor theory of value in socialist market economy practice.