- 164 pages
- English
- ePUB (mobile friendly)
- Available on iOS & Android
About This Book
China's growth miracle over the past 30 years has propelled it to become the world's second largest economy and potentially the largest in the following years. This book examines China's experience on economic reform, trying to find the reasons for the sustainable and rapid development and provide insights into the study of economic theories.
From the perspective of political economics, this book elaborates on China's socialist market economy which was officially confirmed as the goal of the country's economic reform in 1992. It expounds on China's economic model, the relationship between socialism and market economy, as well as the establishment and improvement of socialist market economy in China, deepening the studies in the laws governing China's economic development. Then, it explores the gradual reform, the reform of state-owned enterprises, and the relationship between governments and market, all of which are crucial to the success of China's economic reform. Finally, based on the analysis above, this book discusses the reasons for the constant and rapid development of China's economy.
With detailed analysis on the reform experience and theoretical implications, this book will appeal to scholars and students studying China's economy, and contribute to the development of economic theories.
Frequently asked questions
1
Practices of economic reform and development of economics in China
I. Promote the development of theories based on practices
II. Adhere to Marxism as guidance
- (1) Scientific world outlook and methodology. The scientific nature of Marxist political economics is first reflected by its scientific world outlook – i.e., dialectical materialism and historical materialism. Based on the foundation of the outlook of dialectical materialism and historical materialism, Marxist economics also form the scientific methodology on analysis of economic phenomena, including the principle that productivity determines production relations and the economic base determines the superstructure, principle of analyzing individual economic behavior in the overall control of social and economic structure formed in the history, principle of determining the nature of the whole social and economic system based on the ownership of the means of production and principle of understanding and explaining the political and law system and ethical norms based on economic relations and realizing unification of compliance with laws and goals of social and economic development through social practices, etc. These principles provide scientific world outlook and methodology for us to scientifically understand the complicated economic phenomena.
- (2) Correct position and values. Why are the problems about human beings the fundamental matters of principle in research on philosophy and social sciences? Marxist political economics are the political economics of labor and represents interests of broad masses of laboring people. By integrating laws of economic development and goals of people’s practices, it scientifically proves the historical inevitability of socialism replacing capitalism and, on such a basis, proposes the social ideal of the elimination of exploitation and polarization, realization of free and all-around development of people and achievement of prosperity for all social members. In contemporary China, to adhere to the position and values of Marxism, we shall insist on people orientation, place the fundamental interests of the overwhelming majority of people as the starting point and finishing point for all considerations, lead all people to steadily advance to common prosperity and insist on the social ideal of Marxism and integrate promotion of economic and social development and the all-around development of people, thus to promote and realize the goal of all-around development of people.
- (3) General laws for social production. Marxist political economics unveil general laws for social production and propose many important theories, such as the theory of conservation of labor time as the primary economic law of people; theory of distribution of social labor in proportion; theory of primacy of production and relations among production, distribution, exchange and consumption; theory of approaches and methods to improve productivity of labor; theory of general content and basic elements of labor course; theory of development laws of division and coordination; and theory of division of two major categories of social reproduction and their relations, etc. These theories are of significant value in understanding laws and phenomena of economic development. For example, as for how to understand the essence of development, Marx once proposed the penetrating insight that the social development is fundamentally the development of productivity, while the development of productivity equals to the conservation of labor time, equals to the development of personal talents, equals to science increasingly becoming the major driving force for production, equals to compromise between people and nature, equals to added free time and equals to free and all-around development of individuals. This conclusion perfectly integrates the development of productivity, society and people, which greatly inspires us on promoting scientific development.
- (4) General laws for commodity production and market economy. Some people believe that as Marx’s Capital advocates planned economy, it thus has no guiding significance for the socialist market economy. This is completely a misunderstanding. As a matter of fact, the object of studying Capital is exactly to study the capitalist market economy instead of the planned economy. Marxist political economics profoundly research on the commodity economy and market economy and analyze the essence and laws of economic phenomena including value, currency, price, supply and demand, competition, cost, profit, credit, information and rent, etc., particularly the essence and operating laws of capital. Ignoring the capitalist production relations, these laws are also applicable for socialist market economy. A great progress and contribution of Marxist political economics in the contemporary age lies in that it proposes the theory of the socialist market economy and successfully establishes the socialist market economy system in practices. By abandoning the capitalist market economy, the socialist market economy reflects the principle of univers...
Table of contents
- Cover
- Title
- Copyright
- Contents
- 1 Practices of economic reform and development of economics in China
- 2 Political-economics analysis of Chinese economic model
- 3 Theories and practices on socialist market economy
- 4 Logic of gradual reform in China
- 5 Market failure does not constitute the basis for existence of the state-owned economy – concurrently on the status and role of the state-owned economy in the socialist market economy
- 6 The relationship between government and market in the socialist market economy
- 7 Reasons for the constant and rapid development of the Chinese economy
- Index