Hebei University of Engineering, School of Landscape and Ecological Engineering, Hebei Handan 056038, China
To guide the supply side structural reform in China with Marxist political economy, we must recognize the Western supply school and Marxism the fundamental difference of Economics on this issue. Based on the analysis of factor axiology, the western supply school confuses the difference between value and wealth, and not only ignores it this paper analyzes the circulation and Realization of value, ignores the economic effect of value distribution on production, and separates the dialectical relationship between demand and supply. Marxism political economy organically integrates the four links of “production, distribution, exchange and consumption” of social reproduction, not only focusing on the production and flow of value therefore, we should pay more attention to the distribution of value, which can more effectively explain and correctly guide the smooth progress of China’s supply side structural reform.
supply-side structural reform; theoretical basis; Marxist value theory; comparative analysis
Zhang Jinyang. The theoretical basis of supply side structural reform: a comparative analysis of Marxist value theory and Western supply school theory. Academic Journal of Humanities & Social Sciences (2021) Vol. 4, Issue 4: 45-48. https://doi.org/10.25236/AJHSS.2021.040411.
 Teng Tai (2017). New supplyist economics [M]. Beijing: Oriental Publishing House.
 Feng Zhifeng(2016). The theoretical logic and practical path of supply-side structural reform[J]. Beijing: Economic Issues, no.2,pp.12-17.
 Pang Jin Ju(2016). The main contradictions in the new normal of economic development and supply-side structural reforms [J]. Beijing: Political Economics Review, no.2,pp. 49-59.
 Cheng Enfu, Fang Xing(2016). Deaton’s Understanding of Consumption and my country’s Current Consumption--Also on the supply-side structural reform[J]. Fuzhou: Fujian Forum (Humanities and Social Sciences) Study Edition), no.2,pp. 5-11.
 Jian Xinhua, Yu Jiang(2016). Analysis of the relationship between supply and demand from the perspective of Marxist economics[J]. Beijing: Research on Marxism, no.4, pp.68-76.
 Ni Guoliang(2016). Research on supply-side structural reform from the perspective of Marxist political economy [J]. Lanzhou: Lanzhou Academic Journal, no.7, pp.174-178.