Exploration Of The Contemporary Value Of Marx’s Theory Of Economic Crisis

The development of economics has a history of hundreds of years,and Marxist political economy is undoubtedly a treasure in the history of economics.When dealing with the economic crisis,most Western capitalist countries turned to "Keynes","Friedman" and others for help,but turned a blind eye to the relevant theories of Marx.Today,when the COVID-19 epidemic is raging around the world,the western capitalist countries led by the United States,after the largest currency over-issue in history,are facing the most severe inflation test in 40 years,and may even be the biggest financial market bubble in history.This dilemma has made it impossible for them to find a "prescription" from past theories.Under the leadership of the Communist Party of China,China’s COVID-19 pneumonia epidemic has achieved good results in epidemic prevention.The year 2022 is the 30 th anniversary of the Southern Talks,and also the year when the 20 th National Congress of the Communist Party of China will be held.Despite facing the three major pressures of "shrinking demand,supply shock,and weakening expectations",China’s economy still maintains a strong growth momentum,and in the two sessions in 2022,it has formulated growth goals and grand plans for the next five years,and proposed a common Affluent goals and routes.It can be seen that Marx’s theory of political economy is an important reference for the Communist Party of China to guide my country’s future economic work.While examining the history of the American economic crisis through Marx’s theory of economic crisis,we also get some inspiration from this theory of Marx.It also explores the implications of this theory for some aspects of China’s current economic development.This article was conceived in the second half of 2020.At that time,the global economy had not yet shown the notable features of “inflation” and financial market bubbles.In the context of that time,this article made “bold” predictions about the future direction of the global economy,and finally It is proved to be correct by the trend of the global economy from March 2020 to the present.Based on Marx’s theory of economic crisis,this paper creatively integrates the economic ideas and theories of Keynes,Friedman,Bernanke and others.In the Marxist theory of economic crisis,and using a large number of data to carry out a rigorous analysis of each issue,combined with facts in the "contemporary value" section,gave more specific "revelation" to the world economy and China’s economy.Grasp the main contradictions between "US dollar interest rate hike","inflation",and explore the possibility of economic crisis.It not only reflects the value of the theory,but also provides a practical plan for the future development of the world economy and China’s economy.This article begins with a literature review,summarizes the main domestic research results of Marx’s economic crisis theory,and analyzes it in combination with Western mainstream economic theories and Western economic crisis research theories.In the introduction,it mainly expounds the research background and significance of this paper question.The third chapter discusses the formation process and main content of Marx’s economic crisis theory,and the fourth chapter creatively examines the different characteristics of the American economic crisis history through three different perspectives in Marx’s economic crisis theory.And taking this theory as the main body,it proves the scientificity of Marx’s theory through the elaboration and analysis of facts.Chapter 5,continuing from Chapter 4 and continuing to Chapter 6,analyzes the possibility of a“crisis” in the U.S.economy under the COVID-19 epidemic,uses Marx’s economic crisis theory,predicts the possibility of a stagflation crisis in the United States,and points out The huge bubble in the U.S.financial market led to the conclusion that the risk of an economic crisis in the U.S.was increasing,and then expounded that other Western economic ideas were “helpless” against the current situation and could only resort to the reality of Marx’s theory of economic crisis.Chapter 6,using Marx’s theory of economic crisis and Marx’s political economy,inherits the point of view of the possibility analysis of American economic crisis in Chapter 5,and concludes that "Marx’s theory of economic crisis is still not outdated,it is still in the present,and it will have long-term value in the future.”,combined with the current situation of the world economy and China’s latest national conditions,pointed out the enlightenment of this theory to the world and China.