Some Theoretical Issues Regarding the Law of Value

Ma Jiaju

Chinese Economy, 1980, vol. 13, issue 4, 63-83

Abstract: As early as the 1960s Comrade Sun Yefang was making many important suggestions concerning actual economic work, but they were not accepted at that time. Because of this he was later persecuted cruelly by Lin Biao and the "gang of four." Tested by time, however, these suggestions themselves, at least the greater portion, have shown more clearly than ever their correctness and practical significance. More's the pity that Comrade Sun Yefang fails to give his correct propositions equally correct theoretical forms. In particular, certain of his basic viewpoints on the issue of law of value are hardly acceptable. This article intends to bring up some questions for discussion with Comrade Sun in connection with one of his old articles entitled "Achieve a Comprehensive Understanding of Chairman Mao's Exposition on the Law of Value" (abbreviated to "Exposition" in the following) appearing in the No. 11 issue of >u>Jingji yanjiu>/u> in 1978. I hope that Comrade Sun Yefang and other comrades will criticize and correct any errors and misconceptions in this paper.

Date: 1980
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