K.Marx’s Conception on Ownership

Abstract

According to K.Marx, ownership relations in an economic system can only be understood when they are placed in the entire real equivalent relations of production. Applying these methodological guidelines and from the contemporary world’s prospect, it is needed to re-interprete and recheck his notion on the typical ownership relations in capitalism and socialism. This can remedy biased views on private ownership relations in a modern market economy as well as misunderstanding of the public ownership system. This also serves as necessary premises to continuously step up the renovation process in Vietnam.