Recapitulation of the relationship between economic thoughts and realities

Hua Liang

China Political Economy, 2019, vol. 2, issue 1, 123-135

Abstract: Purpose - It is rather common for China’s current academic circles to use western doctrines that originatedin situto explain China’s economic problems, a suspicion of scenario misplacement may thus arise. The root cause lies in the lack of reflection about the current relationship between economic thoughts and realities. The paper aims to discuss these issues. Design/methodology/approach - Correctly understanding economic thoughts associated with the brand of “that era” and effectively deducing its characteristics is of great significance to finding new features of this era and constructing new ideas with the characteristics of “this era.” Findings - This motif is exactly the keynote on which to base the study of economic history and economic thought. Originality/value - In a period of major historical turning points, the economic realities on which the economic thinking about that era (the era of economists) relied was undergoing major changes, and re-emphasizing the ancient topic of the relationship between economic thoughts and economic realities became particularly urgent.

Keywords: Characteristics of the times; Economic thought; Economic realities; Scenario misplacement (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:eme:cpepps:cpe-04-2019-0009

DOI: 10.1108/CPE-04-2019-0009

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