WANG Ming-you. On the Unity of Marx's Labor Theory of Value and Supply-demand Theory of Price[J]. JOURNAL OF BEIJING UNIVERSITY OF TECHNOLOGY(SOCIAL SCIENCES EDITION), 2015, 15(5): 45-52.
    Citation: WANG Ming-you. On the Unity of Marx's Labor Theory of Value and Supply-demand Theory of Price[J]. JOURNAL OF BEIJING UNIVERSITY OF TECHNOLOGY(SOCIAL SCIENCES EDITION), 2015, 15(5): 45-52.
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    On the Unity of Marx's Labor Theory of Value and Supply-demand Theory of Price

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    • The so-called contradiction between labor theory of value and supply-demand theory of value is a misleading idea since the latter theory does not exist. In Marx's theory,the labor theory of value and supply-demand theory of price are unified. Such unification is important to gain further understanding of the contribution of Marx's theory of market mechanism and the criterion of optimal resource allocations.
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