On Marx's Theory Of Market Allocation Of Resources And Its Realistic Significance

Capital is the classical representative work of Marxian economics, which reveals the economic relationships of capitalism, through studying the means of market allocation of resources in capitalism. In Marx's opinion, resources are sum of natural and social elements that can meet the material and spiritual demands of human being. Allocation of resources means distribution of essential productive means, or of total labor of the society, whose premise is production basing on labor and specialization , instead of shallow scarcity . When he analyzed allocation of resources, Marx adopted methods of integrating logic and historical analysis and of dynamically systematic analysis basing on dialectical materialism, taking free competition as social background and basing on the theories of labor value and surplus-value . Marx began with dual character of labor, then studied deeply the means of market allocation of resources existing in capitalist society and depicted in detail its mechanism, condition, way of realization and its limitation and disadvantages. At the same time, Marx considered that market allocation of resources would be beneficial to optimizing the combination of essential productive elements, balancing the supply and demand, and pushing the progress of science, technology and management and stimulating the productivity; and that it also took advantage of the competition mechanism and promoted production and management of commodity .After The Third Plenary Session of llth Central Committee of the Communist Party of China, the cognition of means of market allocation of resources has been deepened and developed continually, which ismanifested by the theory of market economy of socialism, and the economy system reform .In this article, it is believed that the theory and practice of our reform make the means of allocation of resources change dramatically, the effect and economy efficiency of the allocation of resources have been raised stably in our country. Meanwhile there still exist such phenomena as chaos, disorder and market failure in our reform. Therefore, we should take Marx's theory of market allocation of resources as guide to strengthen the property system of market entity on the the national condition and establish and perfect the entity order of market competition of socialism; and establish and perfect market mechanism, protect competition order of socialist market; and perfect the market regulation and organization, and standardize market action; and speed up the legislation of economy, perfect the law enforcement and supervising mechanism, and set up law order of socialism; and accelerate the construction of market authority and ethics suitable to market economy, so as to correct the phenomena such as chaos, disorder and market failure to improve the efficiency of allocation of resources.