ISSUES FOR DETERMINING THE BASIC ECONOMIC LAW OF THE MARKET ECONOMY
In foreign and domestic economic literature, the theory of the basic economic law of society has not been given due attention, and therefore this scientific problem is far from being finalized. In particular, the problem of determining the basic economic law of the market economy and its disclo-sure in relation to the modern developed capitalist society remains unresolved. It remains unclear which fundamental elements the basic economic law of commodity-money relations consists of, both in form and in content. Therefore, the purpose of the article is to clarify the definition of the basic economic law of the market economy in general and the capitalist market economy in particular. To achieve the goal in this paper, the following tasks are set: first, to consider the history of the theory of the basic economic law of the market economy in the studies of representatives of the classical school of political economy; secondly, to find out the positive and negative signs of the theory of the basic economic law in the works of classics of political economy; thirdly, to identify the problems of the basic economic law in the Soviet and modern Russian economics; fourth, to substantiate the formulation of the basic economic law of the market economic system; fifth, to formalize this law with the help of its funda-mental elements and thereby systematize the definition of this law; sixth, to clarify the interpretation of the basic economic law of the capitalist market economy.
Keywords: economic law, market value, basic economic law of the market economy, law of the market value.
Highlights:
adherents of classical political economy controversially presented the theory of the basic eco-nomic law of the capitalist market economy;
Soviet economic thought was characterized by a distorted Marxist interpretation of the basic economic law of the capitalist market economy as the law of production of surplus value;
it is advisable to recognize the law of the market value of goods as the main economic law of the market economy (including);
the definition and formalization of this law is possible through systematization of its elements, which include a substantial economic attitude in market processes, the essence of the law, its form and content;
the same law serves as the basic economic law for the valid capitalist market economy.
Vyacheslav M. Kuskov, Candidate of Economics, Associate Professor, Samara State University of Economics.