by Zheng Qixian, holds that both consumption and savings, questions once neglected in the political economy of socialism, should be included in dynamic studies on the process of reproduction. Since the purpose of soci...by Zheng Qixian, holds that both consumption and savings, questions once neglected in the political economy of socialism, should be included in dynamic studies on the process of reproduction. Since the purpose of socialist economy is to satisfy the ever growing material and cultural requirements of the population. Consumption and the production of consumer goods should, in terms of the sequence of analysis, be considered before the production of the means of production. The time factor should be taken into consideration in regulating production, consumption and savings. This article suggests that, in the light of China’s present economic growth, market trends and developments in savings, due attention must be paid to guiding consumption and to the transformation of savings into investments.展开更多
文摘by Zheng Qixian, holds that both consumption and savings, questions once neglected in the political economy of socialism, should be included in dynamic studies on the process of reproduction. Since the purpose of socialist economy is to satisfy the ever growing material and cultural requirements of the population. Consumption and the production of consumer goods should, in terms of the sequence of analysis, be considered before the production of the means of production. The time factor should be taken into consideration in regulating production, consumption and savings. This article suggests that, in the light of China’s present economic growth, market trends and developments in savings, due attention must be paid to guiding consumption and to the transformation of savings into investments.
