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The Frontiers of Society, Science and Technology, 2022, 4(2); doi: 10.25236/FSST.2022.040202.

Reconstructing the Interpretation Framework of Marxist Political Economy on Modern Market Economy


Jinbang Dai

Corresponding Author:
Jinbang Dai

College of Marxism, Chongqing Vocational Institute of Engineering, Chongqing, China


Marxist political economy is still an important theoretical basis for analyzing the development law of modern socialist market economy. The basic production methods and distribution methods of the modern socialist market economy, as well as the main characteristics of property in the modern socialist market economy, can basically be explained by the basic concepts and principles of Marxist political economy in accordance with logical laws and historical experience. Based on the Marxist labor value theory, it absorbs the scientific connotation of the Marxist supply and demand value theory, and can reasonably explain various value concepts and price phenomena in the modern market. This paper attempts to reconstruct the interpretation framework of Marxist labor political economy theory on modern market value through research, and analyzes the historical development conditions of Marxist labor attention value political economy theory and the mathematical model of classic labor value theory. Qualitative analysis method and systematic scientific method are used to study and analyze the development of my country's market economy. The results show that since 2012, the scale of state-owned and state-controlled industrial enterprises has increased year by year. However, due to the gradual improvement of China's economic system, while developing the state-owned economy, vigorously supporting and guiding the collective and non-public economy, etc., the proportion has steadily continued to decline.


Marxist Political Economy; Modern Market Economy; Labour Theory of Value; Production Structure

Cite This Paper

Jinbang Dai. Reconstructing the Interpretation Framework of Marxist Political Economy on Modern Market Economy. The Frontiers of Society, Science and Technology (2022) Vol. 4, Issue 2: 5-10. https://doi.org/10.25236/FSST.2022.040202.


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