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Article
Publication date: 1 November 1988

Tibor R. Machan

Here Marx's philosophy is dissected from the angle of bourgeois capitalism which he, Marx, sought to overcome. His social, political and economic ideas are criticised. Although it…

1384

Abstract

Here Marx's philosophy is dissected from the angle of bourgeois capitalism which he, Marx, sought to overcome. His social, political and economic ideas are criticised. Although it is noted that Marx wanted to ameliorate human suffering, the result turned out to be Utopian, contrary to his own intentions. Contrary to Marx, it is individualism that makes the best sense and capitalism that holds out the best hope for coping with most of the problems he sought to solve. Marx's philosophy is alluring but flawed at a very basic level, namely, where it denies the individuality of each person and treats humanity as “an organic body”. Capitalism, while by no means out to guarantee a perfect society, is the best setting for the realisation of the diverse but often equally noble human goals of its membership.

Details

International Journal of Social Economics, vol. 15 no. 11/12
Type: Research Article
ISSN: 0306-8293

Keywords

Open Access
Article
Publication date: 15 November 2018

Xinghua Wei

Marx suggested that it is infeasible and wrong to arrange the economic categories according to the order by which they have worked in history. Their order is determined by their…

2932

Abstract

Purpose

Marx suggested that it is infeasible and wrong to arrange the economic categories according to the order by which they have worked in history. Their order is determined by their interrelationship in the modern bourgeois society, which is in contrast to their natural sequence or that which is in accordance with the course of history. Sometimes, a logical sequence is precisely opposite to the historical sequence. There are many efforts to be done in the study of China’s economic and social issues with Marxist logical and historical methods. The paper aims to discuss these issues.

Design/methodology/approach

When reading Das Kapital, we can clearly see the historical materialism methods. Another method of Marxist political economics is the scientific abstract method.

Findings

This is based on the new development idea to carry out scientific and technological innovation and change the focus of development from quantity to quality. With regard to the supply side structural reform as the main focus, people’s ever-growing demand for a better life can be satisfied and the higher level dynamic supply–demand balance can be kept.

Originality/value

In fact, measures to remedy unbalanced and inadequate development of the social principal contradiction have been plainly indicated in the report delivered at the 19th National Congress of the Communist Party of China. This is based on the new development idea to carry out scientific and technological innovation and change the focus of development from quantity to quality.

Article
Publication date: 1 January 1988

Thomas M. Jeannot

Reflecting on “The Rehabilitation of Karl Marx” as a theoretical economist 100 years after his death, Robert Paul Wolff, on the way to writing Understanding Marx, noted that Marx…

Abstract

Reflecting on “The Rehabilitation of Karl Marx” as a theoretical economist 100 years after his death, Robert Paul Wolff, on the way to writing Understanding Marx, noted that Marx had written, “at a conservative estimate, five thousand pages of theoretical material”. Therefore, in order to understand Marx's theoretical achievement, which Wolff compares with Darwin, Freud and Einstein (p. 714), “The simplest sort of common sense demands that we estimate Marx's place in the intellectual history of our civilization on the basis of this mass of economic theory” (p. 713). In addition to the three volumes of Capital, the three volumes of the Theories of Surplus Value, the Grundrisse, and the Contribution to the Critique of Political Economy, however, “Marx also wrote, as a young man, a handful of exuberant, obscure, derivative, romantic reflections on the human condition…The same sort of common sense dictates that we not construe these youthful speculations as the final utterances of the true Marx” (p. 713). With these assertions, Wolff is reviving an old issue, for the benefit of a “modern mathematical reinterpretation of Marx” (pp. 715–16), that some had thought was laid to rest by the widespread availability of the Grundrisse.

Details

International Journal of Social Economics, vol. 15 no. 1
Type: Research Article
ISSN: 0306-8293

Article
Publication date: 27 April 2012

Jon‐Arild Johannessen

The purpose of this paper is to present a systemic philosophy of history, which, to the author's knowledge, is new in the study of history. As such this is an innovation into the…

Abstract

Purpose

The purpose of this paper is to present a systemic philosophy of history, which, to the author's knowledge, is new in the study of history. As such this is an innovation into the study of history.

Design/methodology/approach

The question studied is: What constitutes a systemic approach to the philosophy of history? In this study the author first develops the systemic hypothesis and the relationship between history and the past, then develops a systemic perspective on ontology and epistemology.

Findings

The materialism, idealism debate is discussed and an answer given to the question, why study history from a systemic perspective?

Originality/value

The paper presents five reasons for studying history and the historical process itself. A systemic approach to history views history as a long‐term perspective contrasted with spectacular events. This results in individuals and exceptional events being examined in their social context as part of a social system.

Details

Kybernetes, vol. 41 no. 3/4
Type: Research Article
ISSN: 0368-492X

Keywords

Open Access
Article
Publication date: 22 December 2020

Haiping Qiu

General Secretary Xi Jinping pointed out that to uphold and develop socialist political economics with Chinese characteristics, the authors should be guided by Marxist political…

Abstract

Purpose

General Secretary Xi Jinping pointed out that to uphold and develop socialist political economics with Chinese characteristics, the authors should be guided by Marxist political economics.

Design/methodology/approach

It is an essential methodological principle for building a theoretical system of socialist political economics with Chinese characteristics as a “systematic economic theory”.

Findings

To implement this principle, the authors need to understand the rich connotation of Marxist political economics and its relationship with socialist political economics with Chinese characteristics fully and correctly and unswervingly uphold and inherit, creatively transform and innovatively develop the theoretical achievements of Marxist economics, especially capital.

Originality/value

It is also an essential and necessary way to build a theoretical system of socialist political economics with Chinese characteristics.

Details

China Political Economy, vol. 3 no. 2
Type: Research Article
ISSN: 2516-1652

Keywords

Open Access
Article
Publication date: 15 October 2021

Kaiyan Shen

It is scholars' great mission in this era to creatively develop new implications, paradigms and discourses of China's political economy and establish a theoretical system of…

Abstract

Purpose

It is scholars' great mission in this era to creatively develop new implications, paradigms and discourses of China's political economy and establish a theoretical system of political economy with Chinese characteristics based on the fundamental principles of Marxist theory and the practice and historical process of Chinese economic reform, through theorizing and systemizing the practices of China's socialist market economy construction. The purpose of this paper is to give some suggestions to establish a socialist theoretical system with Chinese characteristics.

Design/methodology/approach

This paper makes a comprehensive analysis of the principles, objectives, study objects, methodologies as well as the framework of the theoretical system of the political economy with Chinese characteristics.

Findings

Additionally, starting from the unity of opposites between public ownership of resources and resource allocation in a market mechanism, which is the fundamental dialectical relation of China's socialist market economy, the authors will adopt the dual dialectical analysis approach to discover and understand the duality features of the socialist economic system with Chinese characteristics.

Originality/value

With adherence to the mission of China's socialist economic system, the goal of China's market economic reform, and the perspectives of Marxist political economy, the authors must explicitly define the so-called Chinese characteristics and then summarize the dynamics and innovations during the evolution of Chinese socialist political economy with high theory confidence and theory self-consciousness.

Open Access
Article
Publication date: 31 October 2018

Jinju Pang

As the crystallization of Chinese wisdom and the shared wealth of all humanity, the Socialist Political Economy with Chinese Characteristics (SPECC) not only reveals the specific…

2708

Abstract

Purpose

As the crystallization of Chinese wisdom and the shared wealth of all humanity, the Socialist Political Economy with Chinese Characteristics (SPECC) not only reveals the specific traits of SPECC but also indicates the general rules of the global economic development, showing both nationality and internationality. The paper aims to discuss this issue.

Design/methodology/approach

Being aware of the nationality of the SPECC is of great importance. It requires to integrate the basic Marxist principles with the realities of China, and meanwhile draw lessons from, not just simply copy, the strengths of other countries. The authors must adhere to the basic principles of the SPECC.

Findings

From the perspective of past practices, the SPECC has not only provided theoretical guidance for China’s reform and development, but has also given references to some countries, especially developing countries under reform and transition.

Originality/value

SPECC should be based on China’s conditions and practices, absorb China’s traditional cultural essences, draw lessons from other nations’ positive theoretical and practical results, propose theoretical viewpoints independently and initially, and construct a distinct academic system and discourse system. In this way, China would work to develop the characteristics and advantages of the SPECC, and contribute Chinese wisdom to the development and improvement of world economics and economics theories.

Details

China Political Economy, vol. 1 no. 1
Type: Research Article
ISSN: 2516-1652

Keywords

Article
Publication date: 22 June 2012

Klaus Solberg Søilen

The purpose of this article, which is based in the tradition of critical theory, is to present a number of reasons for preserving a strong production economy given that the aim of…

787

Abstract

Purpose

The purpose of this article, which is based in the tradition of critical theory, is to present a number of reasons for preserving a strong production economy given that the aim of the nation state is to work for improved competitive advantage.

Design/methodology/approach

The critical theory approach is used in this paper.

Findings

The paper is also an attempt to show why a majority of Western countries have defended the transformation from a predominant production economy to a service economy by explaining the shift as a result of class interests, using new class theory. It argues for why a materialist perspective in economic theory is relevant today.

Research limitations/implications

The Western world should focus more on the production economy and less on the service economy.

Originality/value

To the author's knowledge, no other paper has gathered as many arguments on the issue before.

Details

European Business Review, vol. 24 no. 4
Type: Research Article
ISSN: 0955-534X

Keywords

Article
Publication date: 18 April 2023

Weinan Zheng, Peng Xiao and Andrew Madden

Academic contention occurs when research evidence is amenable to more than one interpretation. China has a long tradition of Shang Que (商榷), in which authors argue for their…

Abstract

Purpose

Academic contention occurs when research evidence is amenable to more than one interpretation. China has a long tradition of Shang Que (商榷), in which authors argue for their preferred interpretation. The modern form of this tradition is the Shang Que article, which often takes the form of research papers in Chinese-language journals and which tends to be question-oriented. Shang Que articles usually take the views of a particular author or article as the focus of independent and complete criticism by another, independent, academic. This paper explains the role of Shang Que articles in Chinese scholarship and their influence on international academia.

Design/methodology/approach

A bibliometric analysis was used to explore the characteristics and evolution of Chinese Shang Que articles using 30,577 articles published between 1979 and 2018. Microsoft Excel and Gephi were used for data analysis and visualization.

Findings

Findings suggest a decline in the number of Shang Que articles and an increase in the number of co-authors. Shang Que articles remained particularly prominent in Philosophy and Humanities and Social Sciences, where they focused on local issues such as classical Chinese, the Sinicization of Marxism and Chinese literature. This suggests that the number of Shang Que articles is related to the degree of internationalization of a research field.

Originality/value

Shang Que articles, which have been influenced by academic paradigms in English, are a fusion of China's Shang Que tradition and of the modern academic system. Through considering Shang Que articles, this paper explores the benefits of local academic traditions in non-English-speaking cultures.

Details

Journal of Documentation, vol. 79 no. 6
Type: Research Article
ISSN: 0022-0418

Keywords

Open Access
Article
Publication date: 10 December 2021

Jiguo Yang and Renshu Yuan

As there are different interpretations of the object of study in the preface to the first edition of Capital (Volume I) by Karl Marx, disagreements arise over the object of study…

Abstract

Purpose

As there are different interpretations of the object of study in the preface to the first edition of Capital (Volume I) by Karl Marx, disagreements arise over the object of study on political economy, which becomes a “difficult problem.” The purpose of the paper is to bring a new solution to the “difficult problem.”

Design/methodology/approach

Based on the analysis of the logic of the original text, the authors attempted to give a new interpretation of the “difficult problem” by analyzing the structure of Capital. The object of study of political economy is “the relations of production in the broad sense” of the capitalist mode of production.

Findings

It comprises relations of production in the narrow sense and exchange relations in the broad sense, and the latter can be divided into exchange relations in the narrow sense and distribution relations. The three of them correspond to Volume I, II and III of Capital, respectively. Consumption in “the four-section theory” is not studied by the political economy.

Originality/value

And the four-section theory is not a part of the theory of Marxist economics but a part of the classical economics criticized by Marx. Therefore, the object of study of socialist political economy with Chinese characteristics is “the relations of production in the broad sense” regarding the socialist mode of production with Chinese characteristics, which is different from the capitalist relations of production in the broad sense.

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