The First Phase: Thoughts on Socialist Development in a Backward Overpopulated Economy

Pervez Tahir ()

Chapter 3 in Making Sense of Joan Robinson on China, 2019, pp 23-60 from Palgrave Macmillan

Abstract: Abstract Joan Robinson had formulated her views on economic development in backward overpopulated economies before visiting China. Socialist rather than Soviet development was preferred to capitalist development due to the possibility of a higher rate of capital accumulation resulting from a higher reinvestible surplus in the absence of capitalist consumption. In the first phase spanning first two visits and until the third visit, she elaborated on these views in the Chinese context. These views were close to the rightists’ agenda. By developing productive forces, she believed that the economy of China was “well on the way to surmounting the hump of the first and the hardest stage of industrialization.” The broad parameters of economic development included capital accumulation at a humanly possible rate, birth control, some concern for consumer’s sovereignty, economic management avoiding the bureaucratic tendency, selective use of prices and some role for moral incentives.

Keywords: Capital accumulation; Choice of techniques; Moral incentives; Overpopulation; Price system; Socialist development (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pshchp:978-3-030-28825-9_3

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DOI: 10.1007/978-3-030-28825-9_3

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