Market in State
Cambridge University Press, 9/6/2018
EAN 9781108461573, ISBN10: 1108461573
Paperback, 500 pages, 22.8 x 15.1 x 2.6 cm
Language: English
Focusing on the evolving relations between the state and market in the post-Mao reform era, Yongnian Zheng and Yanjie Huang present a theory of Chinese capitalism by identifying and analyzing three layers of the market system in the contemporary Chinese economy. These are, namely, a free market economy at the bottom, state capitalism at the top, and a middle ground in between. By examining Chinese economic practices against the dominant schools of Western political economy and classical Chinese economic thoughts, the authors set out the analytical framework of 'market in state' to conceptualize the market not as an autonomous self-regulating order but part and parcel of a state-centered order. Zheng and Huang show how state (political) principles are dominant over market (economic) principles in China's economy. As the Chinese economy continues to grow and globalize, its internal balance will likely have a large impact upon economies across the world.
Introduction
Part I. Theory
1. Market, state and capitalism
theories of political economy and China
2. Market in state
a theory of Chinese political economy
Part II. History
3. The state and market in imperial China
4. Origins of the modern Chinese political economy
geopolitics, mobilization, and state building
Part III. Contemporary Institutions
5. Grassroots capitalism and marketization
dynamics of market reform in the contemporary era
6. The middle-ground
the nexus between the state and private enterprises
7. The money regimes
fiscal and monetary reforms and their limits
8. State capitalism
the centrally-managed SOEs and economic domination
Conclusion.