The Challenge Contemporary Values Of Marxist Marxist Money Theory

Marx's monetary theory is the important part of Marxist economics, which is the inevitable outcome of Marx's labor theory of value and the theoretical premise of the theory of surplus value. Consequently, the study of Marx's monetary theory has important value. However, since the 20th century, the Western monetary theory had the rapid development. In 1936, the General Theory of Employment, Interest and Money was published, which is the milestone of Western monetary theory. Western monetary theory and the corresponding monetary policy occupies in the modern mainstream, so the Marxist economics is gradually being marginalized, as well as the corresponding marginalization of Marxist monetary theory. Marx's monetary theory is facing the great challenge of the modern Western monetary theory and the theory of demonetization of gold.The purpose of this paper is to introduce Marx's monetary theory and the great challenge of the modern Western monetary theory and the theory of demonetization of gold.on that basis, this paper studies the values and meaning of the monetary theory of Marxism,which will provide some suggestions to China's economy building.This paper includes three parts:First, this article describes the main component of Marx's monetary theory. Marx's monetary theory consists of three aspects:the origin and nature of the money, the functions of the money and their relations, currency in circulation and the law of the current of money. About the origin and nature of money, Marx studied from two angles. The first is the development of the value forms, the second is the conflict and development of exchange process. From the different perspective, Marx reached the same conclusion, which is the origin of money in the process of the result of commodity exchange of human development. Money itself is a commodity, but as a general equivalent of commodities. Marx described the five functions of money:the value of scale, means of circulation, the currency storage, means of payment and world currency, which are interlinked. Marx pointed out three factors of the amount of money required for circulation:the price level, the flow of goods volume and velocity of money.Second, this paper studies the times challenges of Marx's monetary theory. The challenges of the times include the challenges of modern Western monetary theory and the theory of demonetization of gold. The challenges of modern Western monetary theory contain two angles, that is, what is money? Why use money? The main difference between modern Western monetary theory and Marx's monetary theory is that it denies money has value, which is the main reason that the foundation of Western monetary theory has not yet established. The theory of demonetization of gold introduces its Origin and scholars'views of it. This paper studies the debates of theory of demonetization of gold in China.Third, this paper describes the contemporary value of Marx's monetary theory, which mainly includes theoretical and practical value two aspects. Theoretical value is mainly from the Marx monetary theory to explain the causes of the 2008 international financial crisis; Practical value of Marx's monetary theory mainly refer to its important guiding role in preventing financial crises of our country and internationalization of RMB.