For Western Marxists, what is likely to be most astonishing is the many-sided approach to Marxism displayed throughout this work. This reflects a strong emphasis on cultivating an open Marxism, drawing on different views and debates, and various movement vernaculars, in the continuing world struggle for socialism.
A Normative and Empirical Study - Vol. 2
The book introduces Professor Cheng's innovative "New Four Theory," particularly emphasizing the "new living labor value theory." It builds on Marx's concepts by categorizing all forms of labor—whether producing goods or providing essential services—as value-creating. Cheng expands Marx's analysis of material production to encompass all social and economic sectors, offering a comprehensive framework for understanding value, wealth, and distribution in contemporary contexts.
A Normative and Empirical Study - Vol. 1
The book presents Professor Cheng's innovative "New Four Theory," focusing on value, wealth, and distribution, with a distinctive emphasis on the "new living labor value theory." This theory expands on Marx's principles by categorizing all labor that contributes to the production of goods and services, including management and technical roles, as value-creating. It follows Marx's analytical framework while extending its application to encompass all social and economic sectors, offering a fresh perspective on labor's role in value creation.