TY  - JOUR
AU  - TAO, Weiqun
PY  - 2024
TI  - A Solver of the Mystery of the Automatic Balanced Growth of Marx Social Reproduction—No Structural After-effect of the Whole Social Capital in the Reproduction and Its Eliminate
JO  - Political Economy Quarterly
SN  - 2097-1516
SP  - 52
EP  - 71
VL  - 3
IS  - 1
AB  - Marx's social reproduction has the characteristic of automatic balanced growth, which is obviously contrary to the reality. The automatic balanced growth of the social reproduction reveals that the structure of total capital has no after-effect. According to Marx's theory of total social capital movement, fixed capital is a component of constant capital whose physical form is the means of production. After deducting the depreciation of the fixed capital actually consumed in the current year, the remaining part still exists and remains in the social reproduction of the following year.This has a significant effect on the distribution of total capital in the two major categories. Therefore, the total social capital has a certain "structural inheritance", and the total capital structure of the social reproduction has a post-effect.In the classic Marx social reproduction formula, the fixed capital turnover is simplified as intermediate consumption, and its value is transferred to this category of products at one time, in fact, forming a social reproduction formula without fixed capital occupation and depreciation. This is contrary to the characteristics of fixed capital in the theory of turnover discussed by Marx, and just is the reason that the total capital structure of the social reproduction has no after-effect. Following Marx's theory of fixed capital turnover, we introduce fixed capital occupation and depreciation into the social reproduction formula, and establish the social reproduction formula with fixed capital occupation and depreciation, which can remove the structure of total capital no after-effect. This paper analyzed and compared two representative models that have been used to study fixed capital: Sraffa co-production model and Yamada and Yamada's dynamic iteration model focusing on the reinvestment effect of depreciation funds and its general generalization. The paper stated that both of these approaches change the basic structure of the classical Marx two categories social reproduction formula. Therefore they are all not convenient or impossible to analyze the problem of automatic equilibrium growth of the two categories, and to clearly reveal the after-effect of the total social capital structure. This paper constructed a social reproduction formula with fixed capital occupation and depreciation according to Marx's fixed capital turnover theory, so as to maintain the basic framework of the classic Marx two-part social reproduction formula. It facilitates the analysis of whether the automatic equilibrium growth of the two categories can be changed, and to clearly show whether the total capital structure has after-effect after the introduction of fixed capital depreciation. Also it is conducive to maintaining the scientific unity of Marx's social reproduction theory and its formula. At last the paper expounded that the total capital structure of the social reproduction with fixed capital occupation and depreciation has after-effect, and proved such reproduction does not automatically balance growth. Therefore, we can solve the riddle of the auto-balanced growth of Marx's social reproduction and maintain the self-consistency of Marx's social reproduction theory and its formula.
UR  - https://doi.org/10.26599/PEQ2024.9310104
DO  - 10.26599/PEQ2024.9310104