Abstract
The thesis analyzes the neoclassic price theory within the framework of value and price theory based on Marx's labor theory of value, and then illustrates the position, essence, and defects of neoclassic price theory. Moreover, it illustrates that scientific market price theory should be established on the basis of Marx's labor theory of value, which overcomes the defects of neoclassic price theory.
Highlights
As far as the content is concerned, the neoclassic price theory mainly includes the product price theory and factor price theory
It is illustrated that scientific market price theory should be established on the basis of Marx’s labor theory of value, which can overcome the defects of neoclassic price theory
(3) Conclusion In order to defend for the capitalist economy system and interests of bourgeoisie, the neoclassic equilibrium theory of price merely describes the superficial phenomenon, defines the capital as a means of production, and puts it into production function, which reflects the technical relation between objects as input
Summary
The neoclassic equilibrium theory of price only involves a specific level of the price theory in the value category, and only involves the fourth of the six levels of the price theory―market price operation. The neoclassic equilibrium theory of price itself has insurmountable defects
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