Marx Exchange Theory Of Economic Studies

Exchange theory, one of the key concepts in Marxist economics, is of the same significance as the theory of labor value. As the logic outset and thread of studying Das Capital, it is not merely the fundamental content of Marxist economics but a unique perspective of and an analytical way to economic issues. Exchange or circulation itself can create and transfer value and increase social wealth. Moreover, in the mutual process of production and division, it is being industrialized and modernized, thus becoming one of the leading industries in social economy. With the advancement of social production, science and technology, the current circulation has undergone a tremendous change and become the core competitive strength in the market economy. In addition to offering us the incomparable key to understanding the logical system of the theory of Marxist economics, it points out a decisive direction for the vigorous development of the construction of the socialist market economy.This article, by re-evaluating its fundamental roles in the system of Marxist economics, attempts firstly to make an overall elaboration of the Marxist exchange theory in the order of history and logic in three aspects—exchange & simple commodity economy, exchange & the process of capitalistic production and the international expansion of exchange. It centers on the historic survey and theoretical exploration of the relations between exchange and the market, rethinks the past relevant experience and lessons in socialist practice and summarizes its great improvements in the new era, the basic change of its roles and its profound influences on the market economy and social development, ultimately to elucidate forcefully its great values to the construction of the socialist market economy.