BY: JIANG TAO
Nankai University
Document: Available from the SSRN Electronic Paper Collection:
http://papers.ssrn.com/paper.taf?abstract_id=269219
Date: April 2001
Contact: JIANG TAO
Email: Mailto:jtao at public.tpt.tj.cn
Postal: Nankai University
International Economics and Trade
94 Weijin Road
Tianjin 300071, CHINA
Phone: 86-22-2350-5310
Fax: 86-22-2350-9667
ABSTRACT:
Perhaps the most important contribution of CAPITAL is that that
Marx employs systematically in CAPITAL the method of dialectic
logic. In the viewpoint of modern sciences it is similarly a
genetic method in economics. But due to historical limitations,
the genetic structure of CAPITAL is not perfect, which leads to
some unrealistic conclusions eventually. Nevertheless, just like
the DNA structures in biology, the genetic structure of CAPITAL
has the intrinsic force to replicate and repair itself towards a
more vigorous and balanced structure that may harmonize with the
principles of modern economics. The author makes an attempt in
this paper to renovate the cell structure of CAPITAL by
imitating Marx's method strictly. Contrary to the subjective
prejudgment, the results are quite prospective.
Keywords: Marxian Economics, Use Value, Genetic Imperfection,
Dialectic Logic