Theoretical Research Of The Changes In The General Price Based On The Labor Value Theory

Under the gold standard system, Labor Value Theory always well explains the general price changes. But as far as the other monetary system besides gold standard system be concerned, Labor Value Theory can not offer perfect explanation. Therefore, base on the exist research, this paper try to widen the application of Labor Value Theory to the other monetary system besides the gold standard system.In this paper, Firstly, Sort out the literature of Marx general price theory and related researches. Secondly, by examining the modern currency issuance process based on the Labor Value Theory, we find the true value of modern currency. Thirdly, under the other monetary system besides gold standard system, we divide the changes of general price into two parts actual changes in modern currency notes and the relative changes of modern currency notes. Base on this classification, we set up two different general price models respectively, and then we analyze the affecting factors of the general price. Finally, taking the theory of general price changes in the Labor Value Theory as a basis, we offer some suggestions on how to regulate the changes of general price.Under the framework of the general price in this paper, the affecting factors in this paper not only include all the reasons which cause the changes of general price in the Western Economics, but also consider the reasons which the Western Economics is out of reach. All of this show that the Labor Value Theory is the direction of the general price theory.