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

Hardcover | January 20, 2009

EditorJános Kornai

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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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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.

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 th...

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Format:HardcoverDimensions:224 pages, 8.5 × 5.5 × 0.75 inPublished:January 20, 2009Publisher:Palgrave MacmillanLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0230553540

ISBN - 13:9780230553545

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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