Marx And Engels' Theory Of Equity And It's Contemporary Application And Values

Marx and Engels use equivalent commodity exchange as a point of focus to expose the underlying unfair and unequal nature of equivalent exchange under the capitalist economic system. At the same time, they completed the fundamental transformation of the capitalistic view of equity based on historical materialism. The conclusion and basic idea that equity is only the conceptualized and sanctified manifestation of the current existing economic relations or a reflection of its conservative or revolutionary sides were reached. Carefully studying the Marx and Engels'equity theory can provide important theoretical guidance for the establishment and improvement of the socialistic market economy and the construction of a socialistic harmonious society.Marx and Engels'theory of equity developed the useful parts of the old equity theory and discarded the useless, resulting in fundamental paradigm shifts in philosophy and social sciences. The present paper intends to start from reading intensively into the original works of Marx and Engels and then by analyzing deeply and carefully the basic structure and main content of Marx and Engels'equity theory, reveal the contemporary application and values of this theory. This paper is divided into four parts:Part One is a brief discussion of the origin and development of Marx and Engels'equity theory, and analysis of the inevitability of the birth of the theory. The historical development of the equity theory is examined dialectically.Part Two focuses on the main contents of the equity theory of Marx and Engels, and sorts out the systemic and logical structure of the theory. The natural characteristics of the theory, its criticism of capitalistic equity and the basic principles of communistic equity are comprehensively expounded.Part Three examines the main characteristics of Marx and Engels'equity theory from a historical perspective, revealing the huge developments that have taken place.Part Four uses Marx and Engels'equity theory to guide the modernization of China, and unveils the contemporary values of the theory in the construction of a socialistic harmonious society.