On Natural Value Theory of Physiocracy: A Perspective of Marx's Ecological Economics

摘要

The natural value theory of physiocracy indicates that the raw materials produced by the land are sources of wealth and economic value. However, the physiocrats fail to fully consider the relationships among the use-value, the capitalist production relationship and market values, and distinguish them from the value of capitalism. This paper, based on Marx's viewpoint, criticizes the natural values of physiocracy in terms of natural value and surplus-value, the tension between monetary form and natural environment, and ecological assessment methodology. It also provides a viable framework for the analysis of the deadlock from this ecological assessment.