advances in Marxology

Doug Henwood dhenwood at panix.com
Wed Aug 15 10:03:17 PDT 2001


"A New View of CAPITAL: Genetic Imperfection and Self-reparation"

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



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