An Interdisciplinary Interpretation of the False Consciousness Nature ofMarx’s Law about Supply and Demand Determining Price
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Abstract Neoclassical economics holds that supply and demand determining price is a necessary condition for the optimal allocation of resources. However, the so-called optimal resources allocation by neoclassical economics is limited from inter-disciplinary point of view. The reason is that, the mass, constrained by limited income, can not have a decent consumption bundle. From mathematical perspective, so-called supply and demand determining price is a pseudo hypothesis, the equilibrium of supply and demand at most gives a mapping relation between price and other non-price variables|and price is determined by these non-price variables. The implication for the transitional economy of the above finding is that price is firstly determined by social fundamental institutions. Social fundamental institution is the cause, and price is the result. Hence, we have proved the scientific feature of the false consciousness of the law that Marx more than 100 years ago said about supply and demand determining price
WANG Jin-Chao,LONG Fu. An Interdisciplinary Interpretation of the False Consciousness Nature ofMarx’s Law about Supply and Demand Determining Price. Economic Survey, 2011, 28(4): 04.
2011, Vol. 28 
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