Market and Socialism: In the Light of the Experiences of China and Vietnam

Overview

This book explores the encounters with market socialism through reforms in China and Vietnam and looks at the distinctions between market socialism and capitalism. The book discusses whether market socialism is compatible with economic integration and whether state ownership can be reconciled with a market economy.

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Overview

This book explores the encounters with market socialism through reforms in China and Vietnam and looks at the distinctions between market socialism and capitalism. The book discusses whether market socialism is compatible with economic integration and whether state ownership can be reconciled with a market economy.

Read More Show Less

Product Details

  • ISBN-13: 9780230553545
  • Publisher: Palgrave Macmillan
  • Publication date: 1/20/2009
  • Series: International Economic Association Series
  • Edition description: First Edition
  • Edition number: 1
  • Pages: 224
  • Product dimensions: 5.40 (w) x 8.60 (h) x 0.80 (d)

Meet the Author

JÁNOS KORNAI is Permanent Fellow, Emeritus, at Collegium Budapest Institute for Advanced Study, Hungary, and Allie S. Freed Professor of Economics Emeritus at Harvard University. He is the author of many other books, including The Economics of Shortage (1980) and The Socialist System (1992). YINGYI QIAN is Professor of Economics at the University of California, Berkeley, USA, and the School of Economics and Management, Tsinghua University, China.

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Table of Contents

Introduction—J. Kornai and Y. Qian
• Socialism and the Market: Conceptual Clarification—J. Kornai
• "Market Socialism" and Chinese Economic Reform—J. Wu
• China's Encounter with Market Socialism: Approaching Managed Capitalism by Indirect Means—L. Putterman
• Is State Ownership Consistent with a Market Economy: The Chinese Experience—W. Zhang
• Market Socialism or Capitalism? Evidence from Chinese Financial Market Development—J. Du and C. Xu
• China's Path-Dependent Transition: Culture Mediating between Market and Socialism—C. Herrman-Pillath
• Market Economy, Hierarchy, and Single Party Rule—B. Naughton
• Market Economy with Socialist Orientation: The Evolution in Vietnam—D. D. Le
• Process of Economic Reforms in Vietnam: What Lessons can be Learnt—T. T. Vo
• Vietnam's Road to International Economic Integration with a Socialist Orientation: Is WTO Accession and Market Socialism Compatible?—S. Parker
• Market Socialism in China and Vietnam: Why Has it Worked, So Far?—D. D. Li and Y. Wang

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