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Market in State: The Political Economy of Domination in China by Yongnian Zheng, Yanjie Huang

Market in State: The Political Economy of Domination in China

by Yongnian Zheng , Yanjie Huang
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₹11,182.00
₹11,182.00
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Book cover type: Hardcover
  • ISBN13: 9781108473446
  • Binding: Hardcover
  • Subject: N/A
  • Publisher: Cambridge University Press
  • Publisher Imprint: Cambridge University Press
  • Publication Date:
  • Pages: 490
  • Original Price: USD 107.0
  • Language: English
  • Edition: N/A
  • Item Weight: 817 grams
  • BISAC Subject(s): Public Policy / Economic Policy

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. Zheng and Huang show how state (political) principles are dominant over market (economic) principles in China's economy. As the Chinese economy continues to grow and globalize, its internal balance will likely have a large impact upon economies across the world.

Huang, Yanjie: - Yanjie Huang conducts his doctoral research on modern Chinese history at Columbia University, New York. He has published papers and book chapters on China's state sector, food security, and monetary history.

Zheng, Yongnian: - Yongnian Zheng is Professor and Director of the East Asian Institute at the National University of Singapore. He is the author of The Chinese Communist Party as Organizational Emperor (2010), Technological Empowerment (2007), Globalization and State Transformation in China (Cambridge, 2004) and Discovering Chinese Nationalism in China (Cambridge, 1999).

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