Purpose - Expanding and developing the theoretical implications of socialist market economy with China's experience. Design/methodology/approach - In the course of exploring the development of a market economy, China has given full play to the advantages of the socialist system, which has...

"Throughout history, groups of people disillusioned with society have tried to create utopian communities organized on new principles. Typically, they hold some or all of their property in common. Often, they are motivated by religious convictions, or by some type of socialist ideology. While...

This article aims to show that the Chinese development process over the past four decades is not a self-explanatory fact. It is a process that may have revealed the ultimate limitation of the current capacities for interpretation represented by both orthodox and heterodox approaches. This...

Arguments of Mises and Hayek, who opposed the planned economy (PE), are used in the paper as a starting point for establishing the objective area of effective application of the PE. The abstract model of PE, based on the definitions of Mises and Hayek, leads to the conclusion that for the...

How can we overcome the existing political, economic, and ecological crises that humanity faces? With the notion of the commons, Lukas Peter argues that this form of social organization can provide answers to the shortcomings of centralized states and open and competitive markets. By building on...

Neoclassical economics is bifurcated between Marshall’s partial-equilibrium and Walras’s general-equilibrium analyses. Given the failure of neoclassical theory to explain the Great Depression, Keynes proposed an explanation of involuntary unemployment. Keynes’s contribution was later...

"Bruno Jossa expertly illustrates that the creation of a system of cooperative firms is tantamount to a revolution giving rise to a new production mode capable of reversing the existing relationship between capital and labour. The book also demonstrates a revolution enacted by peaceful and...

"Bruno Jossa expertly illustrates that the creation of a system of cooperative firms is tantamount to a revolution giving rise to a new production mode capable of reversing the existing relationship between capital and labour. The book also demonstrates a revolution enacted by peaceful and...

"ChesterBelloc" and the fairy tale of distributism -- The wages of kin: Building a secular family-wage regime -- Alexander Chayanov and the theory of Utopia -- Green rising: The promise and tragedy of peasant rule in Eastern Europe -- Last march of the Swedish Socialist housewives -- Karl...

Im Juni 2018 jährt sich die Geburtsstunde der Sozialen Marktwirtschaft in Deutschland zum siebzigsten Mal. Währungsreform und Preisfreigabe setzten im Juni 1948 den Startpunkt für ein Gesellschafts- und Wirtschaftsmodell, das die Prinzipen des freien Marktes und des sozialen Ausgleichs...

Over last three decades, Chinaa s economic success amazed the world. It can be traced back to the year 1978 when the Communist Party of China decided to pursue a a reform and opening upa policy. There are a lot of literature on the subject. However, the cultural aspect of China's economic...

The purpose of this paper is to investigate the effect of privatization in a mixed duopoly, where a private firm complete in quantities with a welfare-maximizing public firm. We consider two inefficiencies of the public sector : a possible cost inefficiency and an allocative inefficiency due to...

The industrialization which started in 1953 had been completely disrupted by the chronic civil war and closed-door policy of successive communism/socialism regimes. Since 1993 Cambodia has embraced a market economy heavily dependent on foreign capital and foreign markets. As a result, the...

Opening a capitalist window -- Closing the open door -- The Korean War and the fight for trade -- Commerce in the making of "Peaceful Coexistence" -- A "Great Leap" in trade -- Trading for salvation -- Markets and the rise and fall of "redness".

"China has become deeply integrated into the world economy. Yet, gradual marketization has facilitated the country's rise without leading to its wholesale assimilation to global neoliberalism. This book uncovers the fierce contest about economic reforms that shaped China's path. In the first...

How can we overcome the existing political, economic, and ecological crises that humanity faces? With the notion of the commons, Lukas Peter argues that this form of social organization can provide answers to the shortcomings of centralized states and open and competitive markets. By building on...

Cover -- Title Page -- Copyright -- Dedication -- Contents -- Abbreviations -- Introduction -- 1. Opening a Capitalist Window -- 2. Closing the Open Door -- 3. The Korean War and the Fight for Trade -- 4. Commerce in the Making of "Peaceful Coexistence" -- 5. A "Great Leap" in Trade -- 6....

This paper develops a simple framework for understanding the emergence of new organizational forms, such as socially responsible firms and social entrepreneurs, that embody the private sector's efforts to resolve problems that typically have been within the purview of government and traditional...

This paper develops a simple framework for understanding the emergence of new organizational forms, such as socially responsible firms and social entrepreneurs, that embody the private sector's efforts to resolve problems that typically have been within the purview of government and traditional...

This chapter explores the distinctive characteristics of hybrid organizations; a new organizational form that expands our existing categories of organizations by bridging the for-profit and non-profit domains. In particular, we utilize a positive lens to explore the role of hybrids in creating...

This paper develops a simple framework for understanding the emergence of new organizational forms, such as socially responsible firms and social entrepreneurs, that embody the private sector's efforts to resolve problems that typically have been within the purview of government and traditional...

Over the past few decades, social enterprises have grown remarkably. This paper investigates how social enterprises affect access to social services (e.g., education and health‐care) and utilitarian welfare. To this end, two economic systems are compared: a market economy system, where all...

“Litigate or settle” is the choice generally available to disputants in American courts, including bankruptcy courts. In authorizing examiners, however, the Bankruptcy Code provides one very specific procedural device peculiarly suited to introduce inquisitorial process into a chapter 11...

The theoretical models of the mixed economic systems / these national economies differentiated with public and private sectors / which are systematically sustained are based on the principles and the classifications, perceived by the System of the National Accounts (SNA). This way the sectors in...

"This book provides the first book-length study of the political and economic ideas of the British left's Alternative Economic Strategy in the 1970s and early 1980s. Discussing the AES's approaches to capitalism, the nation state and the working class, it argues that existing academic accounts...