Look for examples of the limitations of the law of value

The limitation of the law of value is the spontaneous effect of the law of value, which will cause a huge waste of social labor, so it needs to be regulated by the state's macro-control.

Specific examples: 1. Economic bubbles.

Economic bubbles are a prime example of this. If the market had been flawed, it would have flattened the bubble automatically, and Japan's lost decade would not have appeared. Lag can be associated with information asymmetry, one of the assumptions of the market is complete information, but the reality is impossible to achieve, so there will be an imbalance between supply and demand, and there is a surplus.

2. License plate auction.

For example, in the auction of automobile license plates in Shanghai, if a license plate of several tens of yuan is auctioned for tens of thousands of yuan, the law of value will become invalid. 、

There are too many examples of this in our country, a common problem in non-market economy countries!!

For example, in the auction of automobile license plates in Shanghai, a license plate of several tens of yuan is auctioned for tens of thousands of yuan, and in the case of administrative monopoly and abuse of administrative power, the law of value will become invalid!!

The role of the law of blind value can promote economic adjustment, promote the survival of the fittest, and promote market competition, but the adjustment of the law of value is spontaneous, blind and backward.

The law of value is the basic economic law of commodity production and commodity exchange, that is, the value of commodities depends on the socially necessary labor time, and commodities are exchanged for sale and auction according to the principle of equal value.

The law of value is the basic law of the commodity economy. Its content is that the quantity of value of commodities is determined by the necessary labor time of the social shed that produces them, and the exchange of commodities is based on the quantity of value, and the equivalent exchange is implemented.

The role of the law of value in the commodity economy is: to spontaneously regulate the distribution of social labor among the various branches of production, and to regulate the production and circulation of commodities; Commodity producers should be encouraged to improve their technology, improve their operation and management, and increase labor productivity, so as to promote the development of social productive forces and promote fierce competition among commodity producers and the survival of the fittest.

The socialist market economy is built on the basis of the development of the commodity economy, and in the process of establishing the socialist market economic system, it is necessary to respect and make use of the law of value.

From a macro point of view, it is necessary to let the market play a fundamental role in the allocation of resources, so it is necessary to give enterprises the right to operate independently, regulate by the market, improve the market system, and establish a fair and equal competitive environment. From a micro point of view, enterprises should pay attention to product quality, pay attention to scientific and technological progress, improve the management of filial piety, and improve the high labor productivity.