An Outline Of The Value Of Running

On the base of the labor theory of value .this thesis deals with the operation of the mechanism of value, which differs from the general research work that focuses on its social underpinning .The whole thesis includes three parts consisting of nine chapters.Part One is a general introduction made up of Chapter One ,which introduces the main ideas , its importance, and also the destination and the method of the analysis of the research.Part Two , consisting of Chapter Two and Chapter Three, deals with the operation of the mechanism of value on its essential aspect. In Chapter Two, a theory of the structural level of value is built with the concepts value, followed by industrial value, productive value, and international value, arranged from abstraction to the concrete in logical order. In Chapter Three, market value is explored. Market value(NOT value),which deviates from the value, is the direct underpinning of the market price.Part Three, consisting of Chapter 4~9,is intended to deal with the problems of the mechanism of value on phenomenon. This part can be further divided into two sections: the micro-section and the /Macro-section.The micro-section, including Chapter 4~7,deals with the problems of the micro-operation of value, taking the market price, supply and demand, production and consumption as its appearance.The demand and supply curves are rebuilt according to the two kinds of social necessary labor time.The /Macro-section, including the last two chapters, deals with the problems of the wacro-operation of the mechanism of the value. In this part, with the help of the model of reproduction , a static macro-economical model is developed that is similar to Kynesian's and a simple dynamic one that can be further developed into almost all the main modern growth models, such as Harrod-Domer growth model, neo-classical growth model, neo-Cambridgian growth model, and endogenous growth theory. This model shows that the growth theory of Marxism is the general, and the others special.Micro- and macro-analyses are both built on the base of labor theory of value, and the law of value is the common law through the whole analysis of the operation of the mechanism of value from microeconomics to macroeconomics, which is separated in western economics.