Abstract
The course of China’s economic reform in the past thirty years witnessed a gradual evolution from traditional Stalinist economic theory to a socialist market economic theory that makes full use of modern economics. In the course of this evolution, the following schools came into being: (i) the traditional, ‘classical’ theory of centralised socialism; (ii) decentralised administrative socialism; (iii) ‘revised’ administrative socialism; and (iv) socialist market economic theory. These four types constitute competing schools of socialist economic theories.
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References
Jinglian Wu, Zhou Xiaochuan et al. (1988) The Integrated Design of China’s Economic Reform (Beijing: The Prospect Publising House).
Liu Guoguang (1984) Selected Works (Taiyuan: Shanxi People’s Publishing House).
Sun Yefang (1984) ‘On the Financial Question of the Economy Under the Ownership by the Whole People’, in Selected Works of Sun Yefang, Chinese edn. (Taiyuan: Shanxi People’s Publishing House).
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Zhou Taihe, Gao Shangquan et al. (1984) Economic Structural Reform in China Today (Beijing: The Publishing House of Social Science of China).
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© 1990 Kurt Dopfer and Karl-F. Raible
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Wu, J. (1990). The Evolution of Socialist Economic Theories and the Strategic Options of Reform in China. In: Dopfer, K., Raible, KF. (eds) The Evolution of Economic Systems. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-11153-4_25
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DOI: https://doi.org/10.1007/978-1-349-11153-4_25
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-11155-8
Online ISBN: 978-1-349-11153-4
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