Abstract
To guide the supply side structural reform in China with Marxist political economy, we must recognize the Western supply school and Marxism the fundamental difference of Economics on this issue. Based on the analysis of factor axiology, the western supply school confuses the difference between value and wealth, and not only ignores it this paper analyzes the circulation and Realization of value, ignores the economic effect of value distribution on production, and separates the dialectical relationship between demand and supply. Marxism political economy organically integrates the four links of “production, distribution, exchange and consumption” of social reproduction, not only focusing on the production and flow of value therefore, we should pay more attention to the distribution of value, which can more effectively explain and correctly guide the smooth progress of China’s supply side structural reform.
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