Value · Capital · Growth

Author: Yang Yusheng
Publisher:
Publish Date: 2006-01-01
Features: This book conducts a systematic study of the history and reality of Western economists' adherence to or rejection of the labor theory of value over more than a century, as well as the significant theoretical issues arising from it. It also connects the research on Marx's labor theory of value to an in-depth and systematic examination of the capitalist labor relationship (or the issue of capitalist exploitation) and economic growth. The theme of this book is to fundamentally uphold and develop Marx's labor theory of value. The arguments presented demonstrate that since the inception of Marx's labor theory of value, one side—Marxist economists—has consistently upheld, defended, and developed it in essence, while the other side—various non-Marxist economists—has persistently criticized, denied, and abandoned it. This book adheres to the principle of theoretical innovation, striving to trace the historical evolution of Marx's economic theory (the labor theory of value), follow its new developmental threads, and study and review the latest achievements of Western research on Marx's labor theory of value. The historical scope covered is extensive, ranging from Adam Smith, David Ricardo, and Marx to contemporary economists of the 21st century. Horizontally, it encompasses the thoughts of various Western economic schools such as Western Marxism, Neo-Ricardoism, Neoclassicism, Neo-Malthusianism, Keynesianism, and others. This book maintains a comparative analysis approach, presenting two or more viewpoints on each topic for comparison. Some comparisons are longitudinal (comparing the views of economists from different periods), while others are horizontal (comparing the views of economists from different schools in the same period). Through this comparison, it grasps the connotations and theoretical significance of each theoretical perspective.