"Ancient Chinese economic thought has never been related to the evidence of economic practice. We know how state economies were supposed to be run in theory, but not the degree to which economic thought reflected everyday economic activity. Moreover, it is still not clear to what extent economic thought constituted a separate field of inquiry and was independent of fundamental cultural notions or political considerations. Finally, why was there so much more sustained interest in political economy in China than anywhere else? This book sets out to consider such questions through contextualised analyses of both received and newly excavated sources on economic thought and practice. Contributors are Paul R. Goldin, Yohei Kakinuma, Maxim Korolkov, Elisa Levi Sabattini, Andrew Meyer, Yuri Pines, Christian Schwermann, Hans van Ess, and Robin D.S. Yates"--

A deeply researched and thought-provoking set of essays on a sorely-neglected topic in Chinese economic, intellectual, and political history.

This is an excerpt from the 4-volume dictionary of economics, a reference book which aims to define the subject of economics today. 1300 subject entries in the complete work cover the broad themes of economic theory. This extract concentrates on problems encountered in a planned economy.

Understanding the rise of state capitalism and its threat to global free markets The End of the Free Market details the growing phenomenon of state capitalism, a system in which governments drive local economies through ownership of market-dominant companies and large pools of excess capital, using them for political gain. This trend threatens America's competitive edge and the conduct of free markets everywhere. An expert on the intersection of economics and politics, Ian Bremmer has followed the rise of state-owned firms in China, Russia, the Arab states of the Persian Gulf, Iran, Venezuela, and elsewhere. He demonstrates the growing challenge that state capitalism will pose for the entire global economy. Among the questions addressed: Are we on the brink of a new kind of Cold War, one that pits competing economic systems in a battle for dominance? Can free market countries compete with state capitalist powerhouses over relations with countries that have elements of both systems-like India, Brazil, and Mexico? Does state capitalism have staying power? This guide to the next big global economic trend includes useful insights for investors, business leaders, policymakers, and anyone who wants to understand important emerging changes in international politics and the global economy.

While there has been a perceptible increase in per capita income and expenditure and possibly some decline in the incidence of poverty in India, what till remains is massive and will not be remedied quickly. Even with radical policies, to effect a large change in the shifts in income and occupational structures will take more than the rest of this century. In the welter of recent exchanges between the government and the oppostiion as well as between planners and market advocates on the strategy of growth, these issues have been largely obfuscated. This selection of articles from Economic and Political Weekly on different aspects of poverty, unemployment and income distribution will stimulate fresh discusssion of the many methodological and policy questions that remain unresolved.

The focus of this book is on the Japanese economic bureaucracy, particularly on the famous Ministry of International Trade and Industry (MITI), as the leading state actor in the economy. Although MITI was not the only important agent affecting the economy, nor was the state as a whole always predominant, I do not want to be overly modest about the importance of this subject. The particular speed, form, and consequences of Japanese economic growth are not intelligible without reference to the contributions of MITI. Collaboration between the state and big business has long been acknowledged as the defining characteristic of the Japanese economic system, but for too long the state's role in this collaboration has been either condemned as overweening or dismissed as merely supportive, without anyone's ever analyzing the matter. The history of MITI is central to the economic and political history of modern Japan. Equally important, however, the methods and achievements of the Japanese economic bureaucracy are central to the continuing debate between advocates of the communist-type command economies and advocates of the Western-type mixed market economies. The fully bureaucratized command economies misallocate resources and stifle initiative; in order to function at all, they must lock up their populations behind iron curtains or other more or less impermeable barriers. The mixed market economies struggle to find ways to intrude politically determined priorities into their market systems without catching a bad case of the "English disease" or being frustrated by the American-type legal sprawl. The Japanese, of course, do not have all the answers. But given the fact that virtually all solutions to any of the critical problems of the late twentieth century--energy supply, environmental protection, technological innovation, and so forth--involve an expansion of official bureaucracy, the particular Japanese priorities and procedures are instructive. At the very least they should forewarn a foreign observer that the Japanese achievements were not won without a price being paid.