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Modes of Production in China (PRC) INTRODUCTION This research provides an a

or any other activity, is not likely to occur on a fixed path.

Marxist economic theory is also characterized by a greater normative context than is freemarket economic theory. Positive economics deals with the explanation and prediction of actual resource allocation decisions made by consumers, producers, and, to a lesser extent, governments. By contrast, normative economics deals with the development of the criteria by which resource allocation decisions, together with the methods employed in their making, should be assessed.

Normative economics is value oriented. Indeed, norma tive economic theories vary widely, depending upon the values held by the economists formulating such theories. Marxist economic policy is heavily dependent upon normative values. In the past, at least, outcomes have not been considered as 3important as an adherrence to Marxist values. In order to insure an adherrence to Marxist values, Marxist economic systems have, at least in the past, relied on the central control and development of economic goals, plans, and the implementation of those plans.

The laws of motion of socialism envisioned evolutionary development (Tokei, 1972). Had Lenin lived longer, or had some individual of a character different from that of Stalin succeeded Lenin, the world might have been provided with an opportunity to learn whether or not the postulated evolutionary motion of socialism would lead to the socialist idealcommun ism, and a stateless society. As it happened, however, Stalin changed the character of the socialist experiment by (1) implementing a rigid centralized control over economic processes, and (2) institutionalizing oneparty political power.

One of the problems in the application of traditional Marxist economic theory to the PRC involves the Asiatic mode of production, and Marxist misconceptions concerning this mode of production. The common ownership of land by a village commune ...

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Modes of Production in China (PRC) INTRODUCTION This research provides an a. (1969, December 31). In LotsofEssays.com. Retrieved 14:37, May 06, 2024, from https://www.lotsofessays.com/viewpaper/1700157.html