The Marx’s Idea Of Economic Law And Its Contemporary Value

Marx’s economic law theory in his classic works is like diamond with its radianceconcealed, thus we have to discuss and research attentively if we want to absorb itsessence. Although it is scattered in many works, Marx’s economic law theory hasestablished its own system and has given convictive explanations to many economic lawissues.As a great scholar, Marx’s thoughts and theories have a profound impact on thewhole human society and could be called an inexhaustible think tank for the developmentof human society. Similarly, his economic law theory has also played a very important role.Nowadays, when the destructive effects of financial crisis have not been eliminatedcompletely, European Sovereign Debt Crisis and Occupation the Wall Street shows againthe incompetence of economic law in economic issues. Marx’s economic law theory couldbe depended on to perfect economic law and it will also does good to the development ofMarx’s legal theory.This paper includes five parts and major contents are as follows:The first chapter is prolegomena which introduces the writing background, significance,current research situation and research methods. In this paper, feasible methods likeconfigurative reading, summarizing, comparative analyzing and practice test will be usedto study Marx’s economic law theories.There will be an overview of Marx’s economic law theory in the second chapter. Itstarts from the background from which his economic law theory derived. After a summaryof basic definition, its essential features is abstracted and we can see clearly that with itsown system it is different from thoughts of Morelly, Dezamy and Muller.The third chapter is a very important part of the whole paper. After analyzing Marx’seconomic law theory, it can be concluded that his thoughts give expression not only to freemarket, but to macro-control under government. It attaches importance to the balance andcoordination of the above two points.The fourth chapter is about the theoretical value of Marx’s economic law theorywhich includes two points. The first one is that it can promote the development ofeconomic law in China. Marx’s economic law theory shows that economic law’ssuccession and transplantation is possible with its substance and value steady. Research on Marx’s economic law theory is helpful to systematically discuss some core problems ineconomic law such as its substance, value and function. The second point is that it maypush forward the holistic approach on Marx legal theory.The fifth chapter is mainly about the practical value of Marx’s economic law theory.To begin with, there is analysis on feasibility of putting Marx’s economic law theory intopractice. And then the reality value is illustrated with the example of European SovereignDebt Crisis.