Marxist economics and neoclassical economics

Author: Wu Yifeng
Publisher:
Publish Date: 2006-04-01
Features: This book is a collection of some of the papers publicly published by Professor Wu Yifeng since 2003 on the promotion and development of Marxist economics, as well as the analysis and critique of neoclassical economics. The content of the book mainly consists of three aspects:
1. The relationship between Marxist economics and Western economics.
2. The inheritance and development of Marxist economics. This includes an in-depth analysis of the object, methods, and principles of political economy, a thorough discussion of several issues in the development of the labor value theory, a high evaluation of the great significance of the creation of the theory of surplus value, a compelling demonstration of the pioneering historical contributions of Marxist economists to economic growth theory, and a systematic review of the outstanding contributions of Mao Handong, Chen Qushi, Deng Xiaoping, and others in the inheritance and development of Marxist economics.
3. The analysis and critique of neoclassical economics. This includes a profound analysis of the causes of the current theoretical and ideological confusion in the field of economics, pointing out the series of theoretical pitfalls into which blind admirers of Western economics have fallen, calling on the economics community to use Deng Xiaoping's discussions on how to correctly treat Western academic and cultural trends as the guiding principle for resolving the relationship between Marxist economics and Western economics. At the same time, it analyzes and elaborates on practical economic issues—such as the great disaster brought to Russia by liberalism, the "Zhang Wuchen fever," anti-globalization movements, and the certain degree of misleading influence of the property rights theory of new institutional economics on the property rights reform of state-owned enterprises in China.