"China, Laos and Vietnam are three of a handful of late socialist countries where capitalist economics rubs up against party-state politics. In these countries, sweeping processes of change open up new vistas of opportunity and imaginaries of the future alongside much uncertainty and anxiety,...

Acknowledgements -- List of illustrations -- Notes on Contributors -- 1 Rural Life in Late Socialism: Politics of Development and Imaginaries of the Future -- Phill Wilcox, Jonathan Rigg and Minh Nguyen -- 2 Risk Perception and Lowland Rice Farming Change in Savannakhet Province, Southern Laos...

"China's economic development over the past four decades has been marked by several consequential policies. In the early 1990s, the Chinese state centralized its fiscal base and boosted the power of the central government; in the late 1990s, "national champions" in the state sector were...

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...

Purpose - This paper aims to determine the status of the socialist market economy through a logical analysis of the evolution of economic systems in human society. Design/methodology/approach - This paper presents an analysis of uncertainty and the functions performed by different economic...

China's hybrid economy blends state planning with market mechanisms, using annual economic targets to guide development and macroeconomic management to ensure their achievement. Local governments set ambitious growth targets to align with central mandates and incentivize subordinates, leading to...

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...

1. Introduction -- Part I -- 2. From ‘New Class’ to ‘New Bourgeoisie’: An Unintended Legacy of the Cultural Revolution -- 3. Market Socialism or Market Leninism? The institutionalization of China’s Crony Capitalism -- Part II -- 4. The Origins of China’s Comprador Capitalism -- 5....

1. Introduction -- 2. Legal nature of the irregular money deposit contract -- 3. Essential differences between irregular deposit and loan. 4. The Theory of Capital -- 5. The Theory of the Business Cycle -- 6. Criticism of Monetarist and Keynesian Theories -- 7. Reform to the Banking System -- 8....

This paper provides a feminist critique of market socialism. I argue that two important socialist values, equality and freedom, can only be realised by a form of socialism that adequately distributes and values tasks associated with social reproduction. My argument proceeds in five steps: first,...

Intro -- Über den Autor -- Felix Wemheuer: Kann der Markt den Sozialismus retten? (Einleitung) -- Kapitel 1: Neue Ökonomische Politik (NÖP): Taktischer Rückzug oder Modell für den Aufbau des Sozialismus? -- Wladimir Iljitsch Lenin: Den Austausch mit den Bauern über den Markt regeln (1921)...

"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...

Chapter 1 The Spreading of Stalin's Issues on The Socialist Economy in the Soviet Union in China in the 1950s and the Discussion on the Issue of Basic Economic Principles during the Transitional Period Triggered by Such Spreading -- Chapter 2 Exploration and Argument on the Relationship between...

Kazimierz Łaski's first contributions to economics were on the theory of growth and equilibrium in the socialist economy. He gravitated in between Włodzimierz Brus, who argued that the economy could be brought into equilibrium through market mechanisms, and the most profound influence on...

Purpose As a major theoretical breakthrough of the Marxist political economy based on the practice of China's reform and opening up, the theory of socialist market economy constitutes an important part of the political economy of socialism with Chinese characteristics. The paper aims to discuss...

Chapter 1. What is Economics? -- Chapter 2. Exchange and Demand -- Chapter 3. Determination of Prices -- Chapter 4. Capital, Interest and Production -- Chapter 5. Prices of Factors of Production -- Chapter 6. Money and the Business Cycle -- Chapter 7. Competition and Entrepreneurship -- Chapter...

"This is a book discussing China's economic transition and development since the beginning of modern times. The book is chronologically divided into eight connected chapters that collectively provide a comprehensive and coherent discussion of the book's focus - China's economic transition and...

Economic theory has focused almost exclusively on how humans compete with each other in their economic activity, culminating in general equilibrium (Walras) and game theory (Nash). Cooperation in economic activity is, however, important, and is virtually ignored. Because our models influence our...