The new-classical productive function has some flaws, because of these theoretical flaws, the new-classical price theory is not perfect. The reasoning of supply curve and demand curve lacks convinced theoretical base. This essay gives the supply curve on the base of variable labor value theory, and gives the demand curve on the base of social utility labor equilibrium. The two curves are the bases for market price theory. According to the theoretical base, the author builds Marxist market price theory. This essay tells us that short-term equilibrium price is the express of margin labor consumption, Long-term equilibrium price is the money express of average branch labor consumption. That is to say, long-term equilibrium price is the express of social necessary labor time of producing goods.
|The New-classical Flaws of Market Price Theory and the Build}g of Marxist Price Theory
|Published - 2004