Logical Implications and Practical Implications of Marx's Economic Cycle Theory
Marx carried on the thorough research of capitalist economic cycle phenomenon,emphatically analyzed the connotation of the economic cycle,stage,root,transmission mechanism,and the possibility of a crisis,thinks the economic crisis of capitalism derived from the basic contradiction led to conflicts of interest,and credit system increased the possibility of a crisis of capitalism.Because the law of economic periodic fluctuation originates from the intrinsic property of capital pursuing surplus value,so Marx's business cycle theory is also applicable to socialist market economy.In the process of building a socialist market economy,we should guard against economic fluctuations and crises caused by monetary and credit relations,strive to promote common prosperity,maintain healthy economic development,stabilize and promote employment and increase effective demand.
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