Mao Zedong's Original Contribution and Creative Application of the Labour Theory of Value
Mao Zedong innovatively constructed the socialist theory of commodity production by reading and critiquing the writings of socialist political economy,achieving an original contribution to the classical Marxist the-ory of labour value.Mao emphasised that commodity production exists and must take place in socialist society,and that the role of commodity production in the construction of the socialist economy cannot be ignored;pointed out that socialist commodity production is linked to the socialist system and will not lead the regime to capitalism;and argued that the scope of activity of socialist commodities is not confined to individual consumer goods,and that the means of production transferred between universal and collective ownership,and between collectively owned enter-prises The means of production transferred between the national and collective ownership systems and between col-lectively owned enterprises are also commodities;he advocates studying and attaching importance to the role of the law of value in production and life,while at the same time dealing with the relationship between the regulatory role of planning and the market-regulating function of the law of value.In addition,Mao Zedong also adhered to the po-sition and methodology of the labour theory of value in the formulation of strategies and the establishment of poli-cies during the period of socialist revolution and construction,and put forward the economic construction policy of'taking into account all factors and making appropriate arrangements',which achieved the goal of raising the so-cial productive forces and the living standards of the people.In conclusion,Mao Zedong's theoretical exploration and strategic application of the labour theory of value,as an important part of Mao Zedong's economic thought,is not only a major theoretical innovation in the history of Marxist economic doctrine,but also provides an important guidance for China's economic construction.
Mao Zedonglabour theory of valuecommodity productiontaking all factors into consideration
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