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Article
Publication date: 22 December 2020

Haiping Qiu

General Secretary Xi Jinping pointed out that to uphold and develop socialist political economics with Chinese characteristics, the authors should be guided by Marxist

Abstract

Purpose

General Secretary Xi Jinping pointed out that to uphold and develop socialist political economics with Chinese characteristics, the authors should be guided by Marxist political economics.

Design/methodology/approach

It is an essential methodological principle for building a theoretical system of socialist political economics with Chinese characteristics as a “systematic economic theory”.

Findings

To implement this principle, the authors need to understand the rich connotation of Marxist political economics and its relationship with socialist political economics with Chinese characteristics fully and correctly and unswervingly uphold and inherit, creatively transform and innovatively develop the theoretical achievements of Marxist economics, especially capital.

Originality/value

It is also an essential and necessary way to build a theoretical system of socialist political economics with Chinese characteristics.

Details

China Political Economy, vol. 3 no. 2
Type: Research Article
ISSN: 2516-1652

Keywords

Content available
Article
Publication date: 13 December 2019

Fuqian Fang

Western economics came into being with the rise of the capitalist market economy. It had a nature of duality beginning from its birth: the justificativeness of providing…

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1570

Abstract

Purpose

Western economics came into being with the rise of the capitalist market economy. It had a nature of duality beginning from its birth: the justificativeness of providing theoretical pillars for the capitalist market economy system and the scientificity of revealing the internal relations and operating rules of the capitalist market economy. The paper aims to discuss this issue.

Design/methodology/approach

However, after the 1830s, this justificativeness gradually evolved into vulgarity. Since the 1930s, modern western mainstream economics has mainly explored the general market economy on the assumption that the capitalist system remains unchanged, and many outcomes of such research are positive and beneficial.

Findings

Political economy of socialism with Chinese characteristics, at the present stage, is mainly a Chinese socialist market economics. It is guided by the Marxist political economy and rooted in the great practice of China’s reform and opening up and socialist modernization.

Originality/value

According to political complexion, western economic theories can be divided into political economic theory, mainstream economic theory and basic economic theory. By subjecting these theories to what we term “elimination,” “transformation” and “transplantation” surgeries, respectively, we can absorb and accommodate their beneficial elements in building a political economy of socialism with Chinese characteristics, which in turn is conducive to the development and prosperity of such an economy.

Details

China Political Economy, vol. 2 no. 2
Type: Research Article
ISSN: 2516-1652

Keywords

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Article
Publication date: 31 October 2018

Wei Liu

The socialist construction with Chinese characteristics must be based on history and reality. According to the requirements of liberation and development of productivity…

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5824

Abstract

Purpose

The socialist construction with Chinese characteristics must be based on history and reality. According to the requirements of liberation and development of productivity, efforts must be made to reform and improve the production relations, as well as continually consolidate the socialist system with Chinese characteristics. The purpose of this paper is to prove the necessity and superiority of a socialist system through China’s modernization achievements.

Design/methodology/approach

Marxist political economics is a critical legacy from classical economics. Its core question is also social production and distribution, which is epitomized in the labor theory of value and the theory of surplus value.

Findings

Regarding the significant principles that must be followed, these speeches summarized the logical system and prominent features of the socialist political system in the new normal from several significant and interrelated aspects such as basic methods, core propositions, main tasks and fundamental goals.

Originality/value

The socialist system with Chinese characteristics will gradually appear through further research and prove its superiority. How can a socialist system with Chinese characteristics innovate and develop? Does the system have a future? Is there any historical necessity for the socialist system to replace the capitalist system in human history? These are the questions that need urgent answers and in-depth exploration.

Details

China Political Economy, vol. 1 no. 1
Type: Research Article
ISSN: 2516-1652

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Book part
Publication date: 22 September 2015

Radhika Desai

This introduction to the essays that follow argues that the chief problem with the dominant understanding of world affairs in the disciplines of International Relations…

Abstract

This introduction to the essays that follow argues that the chief problem with the dominant understanding of world affairs in the disciplines of International Relations and International Political Economy, including their Marxist versions, is an a historical, non-contradictory and economically cosmopolitan conception of capitalism. In their place, geopolitical economy is a new approach which returns to the conception of capitalism embodied in the culmination of classical political economy, Marxism. It was historical in two senses, distinguishing capitalism as a historically specific mode of social production involving by value production and understanding that its contradictions drive forward capitalism’s own history in a central way. This approach must further develop and specify uneven and combined development as the dominant pattern in the unfolding of capitalist international relations, one that is constitutive of its component states themselves. Secondly, it must understand the logic of the actions undertaken by capitalist states as emerging from the struggles involved in the formation of capitalist states and from the contradictions that are set in train once capitalism is established. Finally, it must see in the ways that class and national struggles and resulting state actions have modified the functioning of capitalism the possibilities of replacing the disorder, contestation and war that are the spontaneous result of capitalism for international relations the basis for a cooperative order in relations between states, an order which can also be the means for realising the permanent revolution and solidifying its gains on the international or world plane.

Details

Theoretical Engagements in Geopolitical Economy
Type: Book
ISBN: 978-1-78560-295-5

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Book part
Publication date: 18 February 2004

E.K. Hunt and Allen M. Sievers

The University of Utah is located in Salt Lake City, the home of the Church of Jesus Christ of Latter Day Saints (LDS or Mormon). This conjunction has led some to believe…

Abstract

The University of Utah is located in Salt Lake City, the home of the Church of Jesus Christ of Latter Day Saints (LDS or Mormon). This conjunction has led some to believe the University is Church-run, or at least Church dominated. In fact, the University, state-financed from the beginning, has been wholly autonomous since an incident in the early 20th Century. In that incident several faculty members were discharged for their unorthodox religious and political views. This led to an uproar and subsequent protracted controversy, the resolution of which did not reinstate the discharged faculty members but did establish the complete autonomy of the University from the Church.

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Wisconsin "Government and Business" and the History of Heterodox Economic Thought
Type: Book
ISBN: 978-0-76231-090-6

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Book part
Publication date: 8 May 2004

Estrella Trincado Aznar

This paper analyses “luxemburgian” political and economic thought and tries to associate its importance with Luxemburg’s role as a socialist and as an activist in the…

Abstract

This paper analyses “luxemburgian” political and economic thought and tries to associate its importance with Luxemburg’s role as a socialist and as an activist in the women’s liberation movement. Luxemburg’s “feminism,” Marxism, anti-authoritarianism and independent thinking make her a figure of continuing importance within both Marxism and feminism. At the same time, she was part of a changing political and social reality and not only passed on an important legacy to economics, but also through her political activism alerted us to the dangers of anti-democratic behaviour. Similarly, her defence of internationalism and denunciation of economically motivated imperialist wars was equally original. Summing up, it is Luxemburg who originated new ways of thinking, which go beyond simple representational thought.

Details

Neoliberalism in Crisis, Accumulation, and Rosa Luxemburg's Legacy
Type: Book
ISBN: 978-0-76231-098-2

Content available
Article
Publication date: 27 July 2020

Fengyi Liu and Shenghui Chen

Doctors' labour and medicines are special necessities for human survival and evolution. Since China launched the healthcare reform, the theoretical circles' discussions…

Abstract

Purpose

Doctors' labour and medicines are special necessities for human survival and evolution. Since China launched the healthcare reform, the theoretical circles' discussions have not yet clarified the respective special properties of doctors' labour and medicines as goods and the internal relations between doctors' labour and medicines at the level of the theoretical basis.

Design/methodology/approach

Health is a prerequisite for people's all-round development, a precondition for economic and social development and the people's common aspiration. The all-round moderately prosperous society could not be achieved without people's all-round health.

Findings

The authors believe the socialist relation between doctors' labour and medicines with Chinese characteristics should be one that is people-oriented, and the corporatization of hospitals or the capitalization of doctors' labour should be avoided.

Originality/value

In this paper, the authors explore the particularity of doctors' labour, particularity of medicine production, circulation, consumption and the internal relations between doctors' labour and medicines by using the analytical approach of Marxist political economy while considering the special roles of doctor's labour and medicines in the reproduction of labour power and put forward the theoretical basis for the segregation of doctor's labour and medicines.

Details

China Political Economy, vol. 3 no. 1
Type: Research Article
ISSN: 2516-1652

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Article
Publication date: 1 October 1992

Peter M. Lichtenstein

During the decade of the 1980s, the design and implementation ofeconomic reforms had divided the Chinese leadership into two factions:conservative proponents of moderation…

Abstract

During the decade of the 1980s, the design and implementation of economic reforms had divided the Chinese leadership into two factions: conservative proponents of moderation and “circumscribed” economic reform, and liberal proponents of comprehensive and rapid economic and social reform. Seeks to identify the economic‐theoretic core of leftist and rightist positions. The leftist position described is centred on the works of Chen Yun, Sun Yefang, and Zue Muqiao and explicitly excludes the idealistic and revolutionary political theories of Maoism, focuses instead on the more pragmatic goals of rational central economic planning. The rightist position became identified with Zhao Ziyang and his vision of mixed market socialism which, in the minds of his opponents, came dangerously close to capitalism. As the Chinese economy faltered toward the end of the decade, the conflict between leftist hard‐line conservatives and rightist liberals heightened, leading to the pro‐democracy movement of 1989 and its aftermath.

Details

International Journal of Social Economics, vol. 19 no. 10/11/12
Type: Research Article
ISSN: 0306-8293

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Article
Publication date: 12 June 2007

Hugh Stretton

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Abstract

Details

International Journal of Social Economics, vol. 34 no. 7
Type: Research Article
ISSN: 0306-8293

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Book part
Publication date: 18 February 2004

W.Robert Brazelton

The Department of Economics at the University of Oklahoma (Norman) began its Doctoral program in Economics under the Chairmanship of Jim E. Reese [Brinker, 4]. The…

Abstract

The Department of Economics at the University of Oklahoma (Norman) began its Doctoral program in Economics under the Chairmanship of Jim E. Reese [Brinker, 4]. The Department graduated its first Doctoral student in 1951, a student who had received his Masters Degree of Science in Chemical Engineering, 1948. From 1951 to 1995, the Department has granted approximately 101 Doctoral degrees in Economics according to records. Its graduates teach in 62 Universities, foreign and domestic; work for or have worked for the Federal Reserve Bank; The Comptroller of the Treasury of the United States; The Council of Economic Advisors to the President; and The International Monetary Fund. Included are one sitting Congressman and one 1996 Vice Presidential candidate, as well as persons employed in private practice, business, or consulting. There have been 12 women granted the Doctoral Degree which places the Department above the national average.

Details

Wisconsin "Government and Business" and the History of Heterodox Economic Thought
Type: Book
ISBN: 978-0-76231-090-6

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