Distinguished Economic Law Expert Professor Liu Dahong Visits Our College to Give an Academic Lecture Titled "From 'Limited' to 'Active': The 'New Facet' of Economic Law in the Era of New Quality Productive Forces"

On the afternoon of November 7, 2024, Classroom A132 of the Law School ushered in an academic feast focusing on the cutting-edge exploration of economic law. This lecture was given by Professor Liu Dahong, an expert enjoying special government allowances from the State Council and the leader of the doctoral supervisor group of the economic law major at Zhongnan University of Economics and Law, with the theme "From 'Limited' to 'Active': The 'New Facet' of Economic Law in the Era of New Quality Productive Forces". The lecture attracted nearly 100 law teachers, students, and experts and scholars in the field of economic law to study and exchange. At the beginning of the lecture, Professor Liu Dahong first led everyone to review the traditional market economy and conducted an analysis and interpretation from the perspective of economic law. Professor Liu expounded the ideal model of the market economy in Adam Smith's "The Wealth of Nations", deeply analyzed the essence and operation mechanism of the market economy, and listed the typical manifestations of the negative effects of the market economy, such as economic monopoly, unfair competition, negative externalities, and shortage of public goods, laying a theoretical foundation for everyone to understand the traditional market economy from the perspective of economic law.

Subsequently, Professor Liu turned his topic to the socialist public ownership with Chinese characteristics, and clearly pointed out that "China is indeed not and cannot be a market economy country in the Western standard" from the perspective of Western market economy standards. Then, Professor Liu deeply explained the relationship between the economic base and the superstructure. He emphasized: "The economic base is the root on which the superstructure relies for existence and is primary; the superstructure is the political and ideological expression of the economic base and is secondary and derived". On this basis, Professor Liu also introduced the insights of Professor Zhang Weiwei from Fudan University on Chinese characteristic political culture and the analysis of Professor Zhang Weiying from Peking University on Chinese characteristic cooperative values, further broadening the academic horizons of the audience.

In the third part of the lecture, Professor Liu Dahong focused on the analysis of economic law under the market economy in the era of new quality productive forces. He pointed out: "New quality productive forces represent the evolutionary direction of advanced productive forces, referring to an advanced productive force state with the characteristics of high technology, high efficiency, and high quality, in line with the new development concept". In this context, China's economic law has also presented a series of new facets, which Professor Liu elaborated in detail, depicting a new picture of the market economy in the era of new quality productive forces for the audience.

Finally, Professor Liu put forward his unique insights around the "three market principles", "three intervention characteristics", "three government modernizations", and "three influencing factors". He pointed out that the healthy development of the market needs to follow the basic market principles, the principle of adapting government intervention to market failure, and the market-first principle; government intervention should have dependence, timeliness, and posteriority to ensure the effectiveness of intervention measures; at the same time, the government should achieve the "three modernizations" goals of simplifying procedures (restraining regulatory measures), strengthening public services (consolidating the protection of market entities), and optimizing supervision and law enforcement (maintaining a fair market order) to serve the development of the market economy. In addition, he also analyzed the three major factors affecting market development, namely the powerful government with a special status, the weak market foundation, and the specific historical and cultural tradition of "official standard".

At the end of the lecture, Professor Lan Shourong made a summary speech on the entire lecture. From the perspective of personality shaping, he pointed out the important significance and value of this lecture, stating that this lecture not only showed the sparks of knowledge collision but also should be inspiring for the students and teachers present. When facing the new era and new future, we should have a higher academic vision, assume a stronger academic mission, and contribute to the prosperity and development of the motherland. In a word, the entire lecture was rich in content, rigorous in logic, and vivid in language, winning bursts of applause from the audience. After the lecture, many teachers and students had in-depth exchanges and discussions with Professor Liu Dahong on relevant issues, and the atmosphere was warm and active. This lecture not only deepened the audience's understanding of economic law theory but also provided new ideas and inspirations for the innovation and development of economic law in the era of new quality productive forces.