Critiques Of The Value Theory Of Neoclassical Economics

The Value Theory is the core of basic science of Economics. It not only takes notes of the historical rewards which the mankind has been studying the Economics, but also contributes a source of economic creation. It prescribes the basic method of economic study, and demonstrates the historical locus of evolution of Economics. So the crisis of economic theory in the mankind history displays the crisis of the Value Theory at that time. The contribution of Economics depends on the Value Theory which was expounded the economic behaviour. The contribution of a economist is judged by the field of the Value Theory. The Value Theory of Neoclassical Economics which is governed by logic and expounded in many aspects, occupies the vantage point in currnt Economics, and offers a starting point in which the economic masters and the newcomers should study.Up to now, the Value Theory of Neoclassical Economics has been misunderstood in China and the Western countries. In the Western countries, the study on the Value Theory belongs to the history of economic thoughts, the economists think there are fewer relations between their studies and the Value Theory of Neoclassical Economics. Some economists expressed the Value Theory in logic and concise style, which is looked down upon gymnastic of knowledge. As to Chinese economists, they misunderstood the Value of Theory much more than that of the Western countries: In the long run, our task is to propagate and study the Value Theory of Marxism, the Value Theory which is different from that of Marxism is regarded as idealism and subjectivism. It's aim is to oppose that of Marxism, which involved political colour, and many economists of that ages had the same view. After the era of reform and open to the outside world, some economists who know the Western Economics intended to change the view, which the Value Theory of Neoclassical Economics is wrong in general, had some methods such as margain method is useful to us. After China declares to set a social-marketed system, the Western Economics has the advantages of making policies, Chinese econmists are eager to learn the Western Economics. In a word, Chinese economists regard the Value Theory of Neoclassical Economics is out of date and unnecessary to study, thoughly correct. So the study and critic of the theory has not got through in China.The major aim to study the Value Theory of Neoclassical Economics is to bring forth original ideas of pure economics. There are many schools of Economics and branches. It's not easy to make innovations. We can find a common core which is the Value Theory of Neoclassical Economics. In order to make innovations of pure Economics we should break through it, A new system,category and method will replace the Neoclassical Economics. The famous economists such as Keynes and Coase set good examples to break through it. Even though the Neoclassical Economists such as Samulson and Debru who won the Nobel Economic Prize gave great impetus with new means. In nowadays there are two kinds of bad tendenccies about the innovation of pure economics: on the one hand, some economists think it's very easy to make innovations. It's said that there are some innovations in every economic works. In fact these "innovations" cannot solve the problems of Economics, or bring into forth the foremost edge of modern Economics. They are not explained by logic. The authors are empiricists Who are difficult to make innovations. Because our economists have not enough opportunites to be guided by Neoclassical Economics. On the other hand, some Chinese economists think it's too difficult to make innovations. There are great differences between the Chinese Economics and the Western Economics. But if we study the works of economists who won the Nobel prize except the Monetary and Methoeconomics, they are related to the Value Theory of Neoclassical Economics. Because it is the core of Economics. The Value Theory which study the things of thousands of persons taking part in the markets interests the economists like a magzet. In my opinion, the difficult question like a internal Philosophy problem give a proper answer according to the spirit of his own ages. The Value Theory is the answer handed by the Neoclassical economists. The opinions which regard the Value Theory entirely correct, prove that our economist are short of understanding and transcending the former economists.We should study the Value Theory of Neoclassical Economics under the background of the Western culture. The Western economists study it unconsciously because they grow up in the conditions.Based on these considerations, the article separates into four parts:The first part is chapter one. In order to strengen pure Economics of China, we should study the Value Theory of Neoclassical Economics.The second part is from chapter two to chapter seven, the stress of the article is placed on the category such as Demand,Goods,Bargain,Produce and General Equilibrium which analyse the contributions and defects.The third part is chapter eight. The article contrusts the relations between the Value Theory of Neoclassical Economics and the Newton Natural Philosophy.The last part is chapter nine. I make conclusions that the Value Theory of Neoclassical Economics is an important segment of economic analysis, which is not the unique and final part.