Search Result

Search within results (((WANG Lu[Author]) AND 1[Journal]) AND year[Order]) AND OR NOT Title Author Institution Keyword Abstract PACS DOI Please wait a minute... For Selected: Download Citations EndNote Ris BibTeX Toggle Thumbnails Select An Analysis of Marxist Theory of Endogenous Money WANG Lu Teaching and Research    2007, (5): 29-35.   Abstract （1165）      PDF （972KB）（1665）       Knowledge map    Save In the history of studies on economics the controversies over the issue of money have been given rise to by the traditional dichotomy method which long emphasized real economy in economics.The mainstream economics can only consider money as cash in the theory of Walrus’s general equilibrium because of the hypothesis of exogenous money supply.This has resulted in the consequent logical criticism in the Cambridge Capital Controversies in the 1950s and 1960s.Publication of the work " The General Theory of Employment Interest and Money" signals Keynes’ intention to refute the dichotomy analysis method and break off from the neo-classical analysis method of real objects.However,because of the lack of a theoretical foundation in value and distribution theories,he was unable to establish a productive theory of monetary economy.By contrast,based on the labor theory of value Marxian economics has generated the theory of endogenous money that took the relations of capitalist economy or market economy as the foundation of analysis by integrating the theories of value and money. Reference | Related Articles | Metrics Select Thrift and Development:Re-examining Marx’s Idea of Thrift WANG Lu Teaching and Research    2006, (9): 57-62.   Abstract （1112）      PDF （759KB）（1562）       Knowledge map    Save Thrift is a concept with extensive and profound meaning in Marx’s economics.According to Marx,saving time equals to developing productive capacity and hence shortens the necessary time,resulting in an increase of free time.Based on this concept,Marx relates thrift to the overall and free development of humans in the future,to the harmonious development of man and nature,and to the integrated development of the whole society as well.Therefore,the study of the idea of thrift in Marx’s economics from the perspective of associating thrift with development can be of significance in guiding us to realize the scientific concept of development and quicken our steps in constructing a thrifty and harmonious society. Reference | Related Articles | Metrics