Chapter 1 Introduction - The Difference Between the Western Economic System and the Marxist Economic System Section 1 The Difference in Value The definition of value in Marx's economic system is

"socially necessary labor time"; There are many branches of understanding and analysis of value in Western economics, but the core of it is:

"Supply and demand, i.e., the market determines value"; Let's analyze the difference between the two, Marx's economic system of value judgment is to try to explain its essence, but weaken its social attributes, the value of horses in the actual economic behavior is not strong, this is also the reason why its opponents have been criticized, for example, for example, a commodity world has ten factories in production, to supply a specific group of people, now the production process has changed to shorten its time by one hour, but its function, production quantity, user population have not changed, so its value has changed?

How much has changed? How is it measured? Marx does not seem to give us the answers to these questions, and it may be that the great man could not have imagined that the development of our human race is so fast, and it can also be seen that the value theory of the horse needs to be improved; Is the value theory of Western economics absolutely correct?

Let's take a look at it, the value of commodities is reflected in the price is determined by supply and demand, note that Western economics avoids discussing value purely on value, they prefer to concretize the price and quantify the value accordingly, so its practicability in economic activities is very strong, but its definition of value is slightly vague, which is why Marx economists scoff at it, so what does it say?

Let's analyze it specifically, and also use the above example, if the manufacturer remains unchanged for a short time, and the number of specific groups of people remains basically the same, then we can understand that the demand relationship is stable, so let's imagine if the stock of raw materials required for production is decreasing day by day, you are the manufacturer of this commodity, what will you do?

It's clear that you're going to increase the price; Someone might say

"The price goes up, the demand becomes smaller, the price returns, the value is re-reflected, everything is perfect...", then I had to interrupt him and tell him the unfortunate news, the number of people in demand may not fall, because this product may be a must for a specific group of people, so it is just that the price rises, the supply and demand relationship remains the same, the production technology remains the same, and the product itself does not change in any way... In short, everything has not changed and the price has risen like this, in fact, I am still trying to find an excuse for them above, if it is just a simple psychological change to change the price, can you still understand the embodiment of this value?

(Monopoly is the extreme of this phenomenon, even in the case of non-monopoly is widespread, only the difference in degree) So, if you are in a hurry, they will tell you that there is no one

The "value standard" thing, which in itself has no meaning, is it? Can you accept a world without value, so how exactly is value determined, and what is the precise definition of value, we will be in Chapter 2 Value System Economics

The definition of "value" is analyzed in detail and the answer is given;