The Study On Upholding & Development Of Marx's Labor Theory Of Value

The more than one hundred years since the creation of scientific Marx's labor theory of value have witnessed tremendous changes in world economy and the emergence of a good many new circumstances and questions .The three major changes, namely, the progress of science and technology, the new development of capitalism and the rise of the socialist system and the socialist market economy. These changes have in turn brought about the trend of economic globalization and tremendous changes in the forms of labors, the forms of commodities and the composition of wealth, posing sharply before Marxist theoreticians new questions about what capital, technology and other actors of production have to do with the creation of wealth and value and what shares such factors of production as capital and technology are entitled to in distribution, questions calling for scientific answers based upon in-depth research about labor and the labor theory of value .Marx's labor theory of value constitutes the cornerstone of Marxist political economy. Created by drawing critically upon the labor theory of value of classical economics, it's an integrated and scientific theoretical system . To deepen and study Marx's labor theory of value , it's a principal ruler to develop based upon upholding .To deepen and study Marx's labor theory of value, undoubtedly we should pay attention to the significance and role of capital and other factors of production . However, it is labor, and the laborer, that should be given prominence! Labor is the real soul of production. To deepen and study Marx's labor theory of value, we should emphasize research about methodology . In the same time, we should resolve the problems on the process of developing the socialist economy by Marx's labor theory of value, and this is an important aspect about deepening and developing Marx's labor theory of value .Practice over the past one hundred odd years demonstrates that the basic views of Marx's labor theory of value are scientific and should be upheld. Nothing scientific should be abandoned and no objective law can be defied. It's nowadays of great necessity and significance to conduct an in-depth research into the question of Marx's labor and labor theory of value under today's new conditions.