Das Kapital and political economy in the broad sense: a review on Wang Yanan's research. Issue 1 (4th June 2018)

• Record Type: Journal Article
• Authors: Jiang, Lu; Ge, Yang
• Is Part Of: China political economy. Volume 1:Issue 1(2018)
• Page Start: 130
• Page End: 135
• Publication Date: 2018-06-04
• Subjects: Das Kapital -- Wang Yanan -- Political economy in broad sense; China -- Economic policy -- Periodicals; China -- Economic conditions -- Periodicals; China -- Politics and government -- Periodicals; 338.951
• DOI: 10.1108/CPE-09-2018-009
• Languages: English
• ISSNs: 2516-1652

Abstract

Abstract : Purpose: Wang has focused on the relationship between Das Kapital and the political economy in the broad sense. Numerous ideas covering the political economy in the broad sense are involved in the overall structure of Das Kapital, methodology of historical materialism and analyses of the historical fate of capitalist system. The paper aims to discuss these issues. Design/methodology/approach: In broad outline, the Asiatic, ancient, feudal and modern bourgeois modes of production may be designated as epochs, marking progress in the economic development of society (Wang, 2007b). Historical materialism provides a new, scientific and objective explanation for understanding the dialectical development laws of society. It is crucial for constructing the theoretical system of a political economy in the broad sense. It could be said that it is the key to solving the puzzle of the historical course of social development. Findings: Today, economic relations between the world's top two economies have merged with each other. How can two countries with different systems trade with each other so well? These questions can no longer be answered with traditionally narrow political economic theory. The authors have to seek these answers from the perspective of a political economy in the broad sense. Originality/value: Numerous ideas covering the political economy in the broad sense are involved in the overall structure of Das Kapital, methodology of historical materialism, and analyses of the historical fate of capitalist system.