accePtance sPeecH for World marXian economics aWard (ii)

May 24, 2014It is a great honor to receive the World Marxian Economics Award in 2014, which encourages me and warms me.In October 1935, I was born in Rugao County, Jiangsu Province. My father worked as a clerk. In such a family, I grew with books. When I was 16 years old, and a sophomore in high school, I leftmy hometown and transferred to Jiangsu Finance and Economics School, and have been devoting myself to the study of economics ever since. In 1953, I graduated with honors and started to work in Jiangsu Provincial Bureau of Industry.In 1956, I was admitted by Fudan University as a cadre student through the enrollment program for advancing science and technology advocated by the CPC Central Committee and State Council. Political economy was my major. From 1961 to 1964, I worked as a graduate student under the supervision of Professor Jiang Xuemo, focusing on socialist economic theory. After that, I began to teach at Fudan University. My research covered Das Kapital, price theory, socialist economic theory, comparative economic theory, economic interest theory and practice, and coordinative economic theory and practice.I served in Fudan University as Dean in the Department of Economics and its chair of the degree committee. I also earlier served in a lot of academic positions, such as Director of Postdoctoral Program for Theoretical Economics at Fudan University, advisory member of National Social Science Foundation, Vice President of the Association of Das Kapital in China, Honorary President of Association of Das Kapital Studies in Chinese Universities, Director of Fanhai Books in Fudan University, editorial board Director in World Economic Papers, distinguished research fellow at the Academy of Marxism (CASS). My publications include over 50 books and textbooks and more than 300 papers, with awards at national and provincial levels.I am turning 80 years old this year and could soon be tagged as a member of the "post-80s generation." In the past 60 years, I have worked for the advancement of Marxist Economics, being awarded many times in spite of my humble achievement, which mostly fall into two areas.The first one is the study of Das Kapital, which includes three volumes of Lecture Notes on Das Kapital, four volumes of New Textbook on Das Kapital, A Brief Textbook on Das Kapital, Exploration of Hard Problems in Das Kapital, and Popular Das Kapital. In a century beginning with global financial crisis, Marx and his Das Kapital attracted the public attention again, hence the reprint of my Popular Das Kapital, which was selected by the Propaganda Department of CPC Central Committee as the outstanding popularized theoretical work for the public, making it more visible to Chinese readers. Also, the articles I published in newspapers and journals were put together as a small book entitled On Das Kapital. In my opinion, there is still a long way to go in the studies and propagation of Das Kapital by Karl Marx.The second area is my systematic studies of economic interest in the socialist market economy, which contribute to the Marxist economic theory. Results of my studies and my team's research appeared in the form of the Economic Interest Series (consisting of 8 books), Contemporary Economic Interest Series (consisting of 12 books) and Sharing Interest, etc. There are also papers published in newspapers and magazines that are to be collected for a booklet entitled On Interest.I view our findings as systematic thought on interest relations in Chinese society, consisting of 6 aspects with 60 propositions.The first aspect is on theory and practice of social interest, consisting of 10 propositions: (1) Interest is the sum total of material wealth and spiritual wealth that meets people's needs; (2) Interest is eternal while social interest relations are always changing; (3) Interest is at the core of all social relations; (4) Social interest is a multi-dimensioned totality; (5) The value of interest is the measure that quantifies social interest; (6) Evolution of social interest relations is bound by certain Law; (7) Fundamental interest of the people is the beginning and ending point of all our work; (8) Social interest relation is the major problem in the internal contradiction among people; (9) Coordinating social interest relations is a key to building a socialist harmonious society; (10) Marxists always pay special attention to social interest relations. …

Vice President of the Association of Das Kapital in china, Honorary President of Association of Das Kapital Studies in chinese Universities, director of fanhai Books in fudan University, editorial board director in World Economic Papers, distinguished research fellow at the Academy of marxism (cASS).my publications include over 50 books and textbooks and more than 300 papers, with awards at national and provincial levels.
I am turning 80 years old this year and could soon be tagged as a member of the "post-80s generation."In the past 60 years, I have worked for the advancement of marxist Economics, being awarded many times in spite of my humble achievement, which mostly fall into two areas.
the first one is the study of Das Kapital, which includes three volumes of Lecture Notes on Das Kapital, four volumes of New Textbook on Das Kapital, A Brief Textbook on Das Kapital, Exploration of Hard Problems in Das Kapital, and Popular Das Kapital.In a century beginning with global financial crisis, marx and his Das Kapital attracted the public attention again, hence the reprint of my Popular Das Kapital, which was selected by the Propaganda department of cPc central committee as the outstanding popularized theoretical work for the public, making it more visible to chinese readers.Also, the articles I published in newspapers and journals were put together as a small book entitled On Das Kapital.In my opinion, there is still a long way to go in the studies and propagation of Das Kapital by Karl marx.
the second area is my systematic studies of economic interest in the socialist market economy, which contribute to the marxist economic theory.results of my studies and my team's research appeared in the form of the Economic Interest Series (consisting of 8 books), Contemporary Economic Interest Series (consisting of 12 books) and Sharing Interest, etc. there are also papers published in newspapers and magazines that are to be collected for a booklet entitled On Interest.
I view our findings as systematic thought on interest relations in chinese society, consisting of 6 aspects with 60 propositions.
the first aspect is on theory and practice of social interest, consisting of 10 propositions: (1) Interest is the sum total of material wealth and spiritual wealth that meets people's needs; (2) Interest is eternal while social interest relations are always changing; (3) Interest is at the core of all social relations; (4) Social interest is a multi-dimensioned totality; (5) the value of interest is the measure that quantifies social interest; (6) Evolution of social interest relations is bound by certain law; (7) fundamental interest of the people is the beginning and ending point of all our work; (8) Social interest relation is the major problem in the internal contradiction among people; (9) coordinating social interest relations is a key to building a socialist harmonious society; (10) marxists always pay special attention to social interest relations.
the second aspect consists of 10 concepts: (1) comprehensive interest is the sum total of relations between one economic subject and all other economic subjects under certain conditions of time and space, and integration of all kinds of economic interests is achieved through economic activities; (2) Harmonious interest describes the case that the interest be redistributed and balanced among different subjects under certain socio-economic conditions, thereby realizing their creativity and promoting their common interests; (3) Interest sharing is the core concept of socialist views on interest; (4) Open interest is the result of more use value and value from production under the condition of transnational exchange; (5) Opportunity interest is the net economic gain by a subject with informational advantages under the circumstance of asymmetric information flow; (6) risk interest is the theoretical abstraction of additional benefit or loss in uncertain economic activity; (7) transaction interest is the benefit that exceeds opportunity cost in a given transaction; (8) Ensuring interest is the certain degree of satisfaction of a laborer during the process of individual accumulation, revenue sharing and income redistribution; (9) leisure interest focuses on the social benefits from leisure; (10) future interest is a sustainable interest which assures both people today and future generations.
the third aspect is the 10 major interest relations in the chinese society: (1) Interest relations between central and local governments is the axis for adjusting all social interest relations in china; (2) Interest relations between state, enterprise, and individual can be both consistent and contradictory; (3) regional conflicts in their interest relations are becoming more and more tense, which may negatively impact the entire economic reform and development; (4) Interest relations between workers and peasants concerns the consolidation of the worker-peasant alliance, and must be handled correctly; (5) Interest conflicts among different industries are growing, requiring control and restrictions on monopoly industries to balance the interest of monopoly industries and others; (6) Interest relations among enterprises mainly concerns the relations between state-owned and private enterprises, foreign and domestic enterprises, all should be given relatively equal treatment so as to ensure reasonable competition among enterprises; (7) Interest relations among individuals are becoming prominent, which mainly expresses itself as income gap among different social strata; (8) Interest relations between mental labor and manual labor should be adjusted with increase in the former's income while keeping the income gap from getting too big; (9) Interest relations among owners of different elements of production directly affect the effectiveness of each production element and the development of the productive forces; (10) Interest relations between china and other countries should be handled in a way that protects china's interest while taking into account that of other countries.the fourth aspect is the characteristics of main social interest relations in the new era: ( 1 In terms of a theoretical system of social interest, we present three propositions: (1) Interest is at the core of all social activities; (2) Interest relation is at the core of all social relations; (3) Interest is also at the core of all branches of social science.my research team and I have also worked on and made some progress in other aspects of marxist economic theory, including theories in productive forces, ownership, value, reproduction, etc.
Besides, we argue that a reinterpretation of marxist political economy, history of economic thought and a comprehensive socialist economic theory is needed in the discipline of economics.
So there is still a long way to go for studies in marxist economic theory, which in the meantime is a broad way.
finally, I would conclude with the words of marx himself: "there is no royal road to science, and only those who do not dread the fatiguing climb of its steep paths have a chance of gaining its luminous summits." I hope to share with all of you the spirit in this remark.thank you all.

World
Review of Political Economy Vol. 5 No. 4 Winter 2014 ) Views of interest are prevalent; (2) Interest subjects are diverse; (3)