Abstract: Some scholars are tightly fettered by dogmatism to have a sufficient knowledge of the necessity that Marxist theory in contemporary society need to have a significant development, thus China’s researches on Marxist political economics must be further reformed. In accordance with the labor theory of value, the total output value of one country or society in general is proportional to the total population. Various modern economic and statistic data can strongly support the labor theory of value. The most fundamental task at the primary stage of socialism is to promote the productivity with increasing modern socialization by making comprehensive use of the two means of market and plan. It is necessary to bring the technological progress and market advances resulted from the mental work into the framework of political economics, and to integrate the labor theory of value and the theory of marginal utility in a unified theoretical framework to analyze. With the increasing cooperation between labor and capital, a mutual benefit and win-win result between the two parties of labor and management can be surely achieved.

Key words: Marxist political economics; labor theory of value; use value; utility