The Evolution of Socialist Economic Theories and the Strategic Options of Reform in China

Jinglian Wu

Chapter 25 in The Evolution of Economic Systems, 1990, pp 265-275 from Palgrave Macmillan

Abstract: 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.

Keywords: Economic Reform; Socialist Economy; Chinese Communist Party; Command Economy; Comprehensive Reform (search for similar items in EconPapers)
Date: 1990
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-11153-4_25

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DOI: 10.1007/978-1-349-11153-4_25

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