Research thought and formula:
Consumption —scientific research, production — distribution — exchange — consumption. Conclusion: Consumption determines everything, and consumption creates everything; consumption is the motive power, and there are no human beings without consumption.
Definition of the discipline:
Human consumption is the sum of the all consumption processes of taking substances from nature driven by human metabolism instinct and creating new consumption demands and desires by human cognition, and further creating new consumption materials (including spiritual and cultural, and informational), including the consumption in a narrow sense and the consumption in a broad sense. This process is manifested in the process of micro-consumption chain and macro-consumption chain. The human consumption is classified into three categories: living consumption, social consumption, scientific research and production consumption.
“Consumption comprehensive theory system” is to put the consumption phenomenon in the background of broad humanities and social sciences and natural science. The learning regarding research on the social status, social role and law of motion is the science researching production, living consumption and social consumption, as well as related law of motion.
“Consumption comprehensive theory system” also involves the research on the relationships between human consumption and nature, economic development, productivity and productive relations, social civilization and progress, consumption practice and consumption consciousness, as well as consumption consciousness and consumption consciousness.
2. Among the three consumption systems, scientific research and production consumption is the precondition for the realization of living consumption and social consumption, so it can be classified into three subsystems. The first subsystem is the scientific research and production consumption realizing living consumption, that is, the scientific research and production consumption meeting the people’s continuously growing and increasing consumption demands for material, spiritual and cultural, and informational products; the second subsystem is the scientific research and production consumption realizing social consumption, that is, the scientific research and production consumption meeting continuously growing and increasing consumption demands of social consumption for material, spiritual and cultural, and informational products; the third subsystem is the scientific research and production consumption of basic industry, which is the premise and basis of the first and the second subsystems. To realize the continuously growing and increasing consumption demands of living consumption and social consumption for scientific research and production consumption, it is a must to give priority to self development, and only when the level of productive forces of its own basis is continuously invented, created, enhanced, and improved can the law of circular, spiral and natural development of economy driven by the three consumptions be ensured forever. That is, consumption creates scientific research and production consumption, while scientific research and production consumption continuously creates new products for living consumption and social consumption, creates new consumption modes, and then promotes the new development of consumption level.
I. The pointcut of economic research is the consumption rather than the angle of production, which is a great breakthrough. Traditional economic research of economic operation generally follows the production - distribution - circulation - consumption route. While Wu Bingxin begins from the perspective of the consumer, and finally returns to the consumer. His theory is that consumption is not passive, and what is decisive is consumption rather than production. He sees the huge reaction of consumption to production, circulation and distribution. Starting with commodity, Marx peels away the layers of capitalist production, and reveals the trend of capital accumulation. Mr. Wu starts with consumption, and carries out a comprehensive discussion of every aspects of the whole social consumption, such as production, scientific research, distribution, tax, finance, price, value, money, credit, macroeconomic regulation and control of national economy and many other economic and social problems. Wu believes that consumption is the starting point of production, and also the end of it. Consumption - production - distribution - exchange – consumption is both a running rule and a logical process. Discovering the value of consumption and giving it a high academic status is one of the great contributions of Wu Bingxin’s research of consumption theory.
II. The new concept of consumption. Wu Bingxin’s new concept of consumption consists of five key elements: Instinct, consumption desire, new consumer products, new consumption patterns, and formation and continuous extending of consumption chain.
III. Consumption is the motive force of economic development. In observational studies of the development of Chinese economy and the world economy, Wu Bingxin soberly realized more and more that consumption is the primal power of almost all of the social activities since the beginning of human beings, and that as long as people live in this society, for both material needs and spiritual cultural needs, consumption is involved. Huge social life is also like this. The human beings economic development history shows that the ultimate goal of each economy behavior of society cells all boils down to consumption, and any ultimate goal of products is also consumer. Thus the huge social activities are over consumption. So the role of consumption in the economy as a whole is not only huge, but also pivotal. Thus it can be seen that consumption is the eternal core topic in economics. This is exactly one of the important causes of Mr. Wu Bingxin’s study of consumption problems.
IV. In the process of people’s in the long life, they constantly find and engender new consumption desires, so the new consumer products will be produced continuously. The emergence of new products not only satisfy the people's new consumption desire, but also inspire renewed desire, thus in turn, produces updated consumer products.
This movement process never stopped. It has risen in a spiral and evolving way forward.
V. The law of market economy is the law of value, while the law of value is the spiral development law of supply-demand relationship, which has not only great positive roles, but severe negative effects, and it is a perceivable and adaptive law that can exert people’s subjective comprehension，inspiration, and initiative and can be creatively utilized. It runs as the law of social dissipation. It is said in the Wealth of Nations by Adam Smith that market economy is an intangible and invisible hand. The reason why he said market economy was an intangible and invisible hand is that he did not realize that market economy has laws at that time. And people are used to accept that statement. While the government's administrative means and all kinds of economic leverages are visible hands. The regulation and control of the market economy need the hand, government, to constantly cooperate in controlling market by resources, keep the sustainable development of economy (example, seven large controls in China).