Marx's Economic Theory Evolves: China's Shift Towards Intellectual Production.
Evolutionary economics suggests that Marx's economic theory is all about evolution. Marx talks about how production methods change over time, from simple to complex. This evolution is driven by changes in productivity and production relationships. Western countries have moved from basic production to more advanced capital production. Marx focused on the shift from labor to capital production, while evolutionary economics looks at the move from capital to intellectual production. China is currently experiencing both types of evolution. By combining Marx's ideas with evolutionary economics, we can better understand how economies develop, especially in China's socialist market system.