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Theoretical Debate Focus Regarding the Rightness of Institutional Transformation: Rethinking the Theory of Value and Conflict of the Two Economic Philosophies

In: Research on China’s Market Economy Development

Author

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  • Wei Liu

    (Renmin University of China)

Abstract

Is the institutional change under certain historical conditions progressive? Does it promote justice and civilization? This is an important controversial proposition. The answer to this question involves basic historical value orientation, basic class position and corresponding elementary interest requirements. The value theory of economics can provide the most systematic answer and the most profound explanation to this proposition. This is the reason why all kinds of debates about the profound changes in the system often end up returning to the basic problems and categories of value theory.

Suggested Citation

  • Wei Liu, 2024. "Theoretical Debate Focus Regarding the Rightness of Institutional Transformation: Rethinking the Theory of Value and Conflict of the Two Economic Philosophies," Springer Books, in: Research on China’s Market Economy Development, chapter 0, pages 25-51, Springer.
    • Handle: RePEc:spr:sprchp:978-981-97-1398-1_2
    DOI: 10.1007/978-981-97-1398-1_2
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