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Building a High-standard Socialist Market Economy That Adapted to the Development of New Quality Productive Forces: Analysis Based on Marx's Theory of Division of Labor
Zhao Feng1, Ji Lei2
Teaching and Research 2024, 58 (
12
): 5-17.
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413
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The deepening of the division of labor is an important driving force for the development of social productive forces and market economy. This paper, starting from Marxs view of division of labor, comprehensively explains the intrinsic connection between building a highstandard socialist market economy and developing new quality productive forces. From the divisioncollaboration relationship between market entities and the social divisionexchange relationship in the process of social reproduction, we systematically investigate the microlevel foundation and macrolevel mechanism of the highstandard socialist market economy to promote the formation of new quality productive forces, and elaborate the scientific connotation of the highstandard socialist market economy. On this basis, focusing on correctly handling the relationship between the government and the market, we expound on the series of important plans made at the Third Plenary Session of the 20th Central Committee of the Communist Party of China (CPC) on systematically deepening the reform of systems and mechanisms and giving full play to the advantages of the highstandard socialist market economy. We believe that the new ideas, viewpoints, and plans adopted at the Third Plenary Session of the 20th CPC Central Committee on building a highstandard socialist market economy reflect the further deepening of the CPCs understanding of the theory of socialist market economy and the law of highquality development, which are another innovative development and creative application of the scientific theories of Marxist political economy in the new era of China.
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An Political Economy Analysis of Local Fiscal Expenditure Structure and Economic Growth in China
Zhao Feng, Tan Xuan, Zhou Huizhen
Teaching and Research 2022, 56 (
10
): 61-74.
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621
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In terms of value production and capital accumulation, fiscal expenditure influences the production process of social reproduction in two ways: one is to provide public material production conditions, and the other is to provide goods and services for labor reproduction. On this basis, O'Connor, a Marxist scholar, divides fiscal expenditure into social investment, social consumption and social expenses. In specific, social investment and social consumption can form social constant capital and variable capital, which helps to improve labor productivity and reduce production costs. At the same time, the three types of fiscal expenditure can form commodity demand, thereby slowing down the pressure of declining profit margins and increasing people's willingness to invest, and realizing the connotative and denotative expansion of social reproduction. Considering the characteristics of and changes in the fiscal expenditure structure of 31 provinciallevel administrative regions in China from 2007 to 2020, since various types of fiscal expenditure can influence the supply side and the demand side of the economy through multiple channels, the coordinated growth of the three types of fiscal expenditure can more effectively meet the conditions required for regional economic development.
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Reflections on NeoKaleckian Growth Regimes:A Marxian Reproduction Perspective
Zhao Feng, Tian Jiahe, Duan Yuchen
Teaching and Research 2021, 55 (
9
): 48-61.
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1073
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The neoKaleckian model follows the ideas of Marx, Keynes, and Kalecki that investment is a key influencing factor in the dynamics of the capitalist mode of production. Through the discussion of different forms of investment decision function, it constructs the analysis framework of wageled and profitled growth regimes. This model has become an important theoretical paradigm for current Western heterodox economics in studying the impact of income distribution on economic growth, and it also has significant influence on empirical research. Starting from Marxs reproduction theory, this article discusses the theoretical shortcomings of the neoKaleckian growth regime model. It mainly focuses on three aspects: (1) the ideological legacy of “Smith's Dogma”; (2) the restrictions over income distribution by the organic composition of capital and the surplus value rate; (3) technological progress and the formation of a new long economic wave. We believe that the neoKaleckian model unilaterally emphasizes the demandside factors in the economy, and, unconsciously or not, ignores the role of the supply side, which results in its limitations in explaining longterm growth. Even if some empirical conclusions are employed to bridge income distribution and technological progress, a theoretical basis remains absent for this model to accurately describe longterm economic changes. In order to better promote highquality economic development and accelerate the establishment of a new development pattern of “dual circulation” in which domestic economic cycle plays a leading role while domestic and international economic cycles reinforce each other, we must clarify the relationship between production and consumption following a theoretical framework whilst adopt a policy combination with the supply side as the mainstay and the demand side as the supplement, and work from both sides.
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Static and Dynamic Analysis of the Wage Level of Private Enterprises in China at the Stage of High Quality Development
Zhao Feng1, Ji Lei2, Li Bin3
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Fixed Capital, The Priority Growth of Production Material and Industrialization——Based on the Structure Analysis of Threedepartment of Reproduction Schema
Zhao Feng1, Zhao Yihan1, Li Bangxi2
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On Neoliberalism and the Current Economic Crisis:a Political Economy Approach
ZHAO Feng
Teaching and Research 2009, (
12
): 39-45.
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1390
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The most important and significant change in contemporary capitalism is the transformation from "welfare capitalism" to "neoliberalism".This article attempts to analyze the meaning of neoliberalism to contemporary capitalism from a political economy perspective.Conclusions are drawn that social relations in a society governed by neoliberalism are full of unsolvable problems.The assumption that neoliberalism may lead to a steady and sustainable economy in the capitalist society is questionable.The article holds that the normal state of capitalist economy is either turbulent or stagnating instead of being stable and sustainable.And the current financial crisis is but a radical outbreak as a consequence of the inner contradictions of neoliberal capitalism.
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The Labor Market Theory of the Radical School
ZHAO Feng
Teaching and Research 2007, (
3
): 57-64.
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1228
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According to Marxist economics,the capitalist economic system differs from earlier economic systems in the following ways.Firstly,the only a few people own the productive means,while the majority have to sell their labor for salary in order to make a living.Secondly,labor power as a commodity for free marketing is the basic foundation of the capitalist economy.As an important school of Marxian Economics in the West,the radical economists developed a complete set of theories of labor market on the basis of Marxist theories.Their theories not only contribute to our understanding of the capitalist organization of enterprises and selection of technology from a micro perspective,but also add to our understanding of the macro economic phenomena such as unemployment in the capitalist economy and economic depression.
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New Development in Theory of Consumption Function
LIU Jiang-li, ZHAO Feng
Teaching and Research 2005, (
6
): 65-71.
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1354
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The theory of consumption function is an important field in macroeconomics, which is of practical significance to analysis of operation in macroeconomics. This article offers a brief review of the early theory of consumption function. Based on this review, some modern representative models of consumption function under the influence of rational prediction theory in the late 1970s are introduced. Then future prospect of development in the theory of consumption function is discussed.
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