Market in state : the political economy of domination in China /
Yongnian Zheng and Yanjie Huang
- Cambridge : Cambridge University Press, 2018
- xiv, 478p. ; 23cm.
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.
9781108461573
Economic development--China Economic--History Economic--Policy Government business enterprises--China