Competing Economic Paradigms in China

The Co-Evolution of Economic Events, Economic Theory and Economics Education, 1976–2016

Business & Finance, Economics, Economic History, Nonfiction, Social & Cultural Studies, Social Science, Cultural Studies, Ethnic Studies
Cover of the book Competing Economic Paradigms in China by Steven Mark Cohn, Taylor and Francis
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Author: Steven Mark Cohn ISBN: 9781134829590
Publisher: Taylor and Francis Publication: September 5, 2017
Imprint: Routledge Language: English
Author: Steven Mark Cohn
ISBN: 9781134829590
Publisher: Taylor and Francis
Publication: September 5, 2017
Imprint: Routledge
Language: English

When the Chinese economic reforms began in 1978, Marxist economics infused all the institutions of economic theory in China, from academic departments and economics journals to government departments and economic think tanks. By the year 2000, neoclassical economics dominated these institutions and organized most economic discussion. This book explains how and why neoclassical economic theory replaced Marxist economic theory as the dominant economics paradigm in China. It rejects the idea that the rise of neoclassical theory was a triumph of reason over ideology, and instead, using a sociology of knowledge approach, links the rise of neoclassical economics to broad ideological currents and to the political-economic projects that key social groups inside and outside China wanted to enable. The book concludes with a discussion of the nature of economic theory and economics education in China today.

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When the Chinese economic reforms began in 1978, Marxist economics infused all the institutions of economic theory in China, from academic departments and economics journals to government departments and economic think tanks. By the year 2000, neoclassical economics dominated these institutions and organized most economic discussion. This book explains how and why neoclassical economic theory replaced Marxist economic theory as the dominant economics paradigm in China. It rejects the idea that the rise of neoclassical theory was a triumph of reason over ideology, and instead, using a sociology of knowledge approach, links the rise of neoclassical economics to broad ideological currents and to the political-economic projects that key social groups inside and outside China wanted to enable. The book concludes with a discussion of the nature of economic theory and economics education in China today.

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