Market in State : The Political Economy of Domination in China
Cambridge Univ Pr 2018/09
478 p. illustrations ; 23 cm
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.
The book explores the evolution of the Chinese economy and shows how it has always been a part of a state-centered Chinese order. It uses the framework of 'market in state' to demonstrate how it is dominated by political principles over economic principles.
Table of Contents
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.