Tag Archives: market socialism

Must-read. Note: Xi Jinping was trained as a chemical engineer.Andrew Batson's BlogWhat Xi Jinping thinks about development economics Andrew Batson

"Hayekian communism" an oxymoron? Branko Milanovic says not at all.Global InequalityHayekian communismBranko Milanovic | Visiting Presidential Professor at City University of New York Graduate Center and senior scholar at the Luxembourg Income Study (LIS), and formerly lead economist in the World Bank's research department and senior associate at Carnegie Endowment for International PeaceSee also After amply discussing income inequality in Europe and the US, economists are now looking at...

China is finding its way alone as new type of socio-economic system on the scene that also has to interact with the current world order. It's doing all right, and even great as far as development economics goes. Project SyndicateHow Cities Are Saving China Andrew Sheng, Distinguished Fellow of the Asia Global Institute at the University of Hong Kong and a member of the UNEP Advisory Council on Sustainable Finance, former chairman of the Hong Kong Securities and Futures Commission, and...

Keynote speech by Mr Zhou Xiaochuan, Governor of the People's Bank of China, at the 2017 Lujiazui Forum "Financial reform and steady development from a global perspective", Shanghai, 21 June 2017. Bank of International SettlementsZhou Xiaochuan: The opening-up of Chinese economy - from manufacturing industry to service industryKeynote speech by Mr Zhou Xiaochuan, Governor of the People's Bank of China, at the 2017 Lujiazui Forum "Financial reform and steady development from a global...

The key idea, according to British political scientists such as Julian Le Grand and David Miller, is that market socialism retains the market mechanism while socializing the ownership of capital. The thrust of this social-democratic approach is that markets not only promote efficiency but also freedom and democracy thus giving wide political appeal. London School of Economics Blog Why market socialism is a viable alternative to neoliberalism David Lane | previously Professor of Sociology...

Neoliberalism versus market socialism with Chinese characteristics. Which wins? Since Deng introduced market socialism, China has been kicking butt in terms of growth rate, defying neoliberal predictions, while neoliberal economies have been mired since the 2008 crisis. What's up with that? Adair Turner explains. What is overlooks, however, is the history of the US, which adopted the American System over the British system as a result of Alexander Hamilton's influence and followed...

Communist Party members should study contemporary capitalism but must never deviate from Marxism, Chinese President Xi Jinping said... “If we deviate from or abandon Marxism, our party would lose its soul and direction,” Xi said. “On the fundamental issue of upholding the guiding role of Marxism, we must maintain unswerving resolve, never wavering at any time or under any circumstances.”Xi said the party should better integrate the basic tenets of Marxism with the “reality of contemporary...

Erik Olin Wright is one of the genuinely important contributors to a progressive sociology in the United States. He was one of the first wave of social scientists and philosophers who created the movement of analytical Marxism in the 1970s and 1980s, and for more than thirty years he has organized much of his own thinking and the collaborations of a number of other scholars around the idea of a "real utopia." Essentially the idea is to make use of good social science research and theory to...