Institutionalism of traditional economic theory

The main content is "three subjects and three supplements".

1. The socialist market economic system is an unprecedented system and a concept that has never existed in Chinese and foreign economic classics. Therefore, theoretically speaking, this is the real theoretical innovation of our Party and a shining example of Marxism in China. Practically speaking, this is a real change in the socialist economic system and a great pioneering work of Socialism with Chinese characteristics's road exploration.

Second, traditional economic theories, including western economic theory and Marxist economic theory, do not think that socialism can engage in a market economy. Western economic theory holds that commodity exchange and market economy are based on private ownership, and socialist countries cannot engage in market economy as long as they insist on public ownership.

Three: Marx and Engels once imagined that after the extinction of capitalist private ownership, there would be no commodity-currency relationship in the future society. It is pointed out: "once the society has the means of production, commodity production will be eliminated, and the rule of products over producers will also be eliminated." Marx pointed out that "commodities cannot go to the market on their own, nor can they be exchanged on their own. Therefore, we must look for its guardian and the owner of the goods.

Four. Anarchism within society will be replaced by planned and conscious organizations. Since then, Lenin pointed out more clearly: "As long as there is a market economy, monetary power and capital power, there is no law in the world that can eliminate inequality and exploitation. Only by implementing a huge socialized planned economic system and giving all the ownership of land, factories and tools to the working class can all exploitation be eliminated.

It is also under the guidance of the above theory that all socialist countries, including the Soviet Union, Eastern Europe and China, have established and implemented a planned economic system since the October Revolution of Russia. The name of market economy is "capital" and the name of planned economy is "society", which has become a natural creed and an inviolable commandment.

After the reform and opening up, under the guidance of the ideological line of emancipating the mind and seeking truth from facts, the vast number of theoretical and practical workers in China insisted that practice is the only criterion for testing truth. Starting from the reality of the primary stage of socialism, they conscientiously summed up the experiences and lessons of reform and development at home and abroad, boldly broke through the shackles of traditional theoretical viewpoints, and gradually put forward and enriched the theory of socialist market economy.