The Contemporary Value Of Marx’s Theory Of Economic Crisis

Marx’s theory of economic crisis is the important achievement of marxist political economics research.Standing in the age of free capitalist society, Marx thought the possibility that periodic outbreaks of capitalist economic crisis is that the basic contradiction of commodity economy.It is the contradiction of private labor and social labor.Capitalist economic crisis is rooted in basic contradiction of capitalism society. It is the contradiction between the socialization of production and capitalist private ownership.The outbreak of the economic crisis of capitalism brings serious consequences to capitalist society.The essence of capitalist economic crisis is the relative surplus production and capitalist system crisis.The fundamental way of capitalist economic crisis is to replace capitalism with the socialist system,put social ownership and product economy into practice.Marx economic crisis theory has encountered many theoretical and practical challenges since it was established.The theoretical circle exists phenomenon that deny and fix the economic crisis theory and tendency that vulgarize the theory.Theoretical challenges are implementation of State Interventionism,the new characteristics of the international financial crisis of 2008,the firm existence of the capitalist system and the phenomenon of economic fluctuations in real socialist countries.In-depth study and research of Marx’s theory of economic crisis helps us comprehend the phenomenon of the economic crisis of capitalism deeply,helps us to treat theory of economic crisis rationally in the western economic circles. In addition,there are theoretical and practical significance to understand the limitations of private ownership and market economy,law of capitalist development,current reality of capitalist society especially the financial crisis of 2008.It guides us to understand and construct correctly the socialist market economy with Chinese characteristics.Also it helps us to strengthen our socialism and communism conviction.