Ning Wang

Ronald Coase

How China Became Capitalist details the extraordinary, and often unanticipated, journey that China has taken over the past thirty five years in transforming itself from a closed agrarian socialist economy to an indomitable economic force in the international arena. The authors revitalise the debate around the rise of the Chinese economy through the use of primary sources, persuasively arguing that the reforms implemented by the Chinese leaders did not represent a concerted attempt to create a capitalist economy, and that it was 'marginal revolutions' that introduced the market and entrepreneurship back to China. Lessons from the West were guided by the traditional Chinese principle of 'seeking truth from facts'. By turning to capitalism, China re-embraced her own cultural roots. How China Became Capitalist challenges received wisdom about the future of the Chinese economy, warning that while China has enormous potential for further growth, the future is clouded by the government's monopoly of ideas and power. Coase and Wang argue that the development of a market for ideas which has a long and revered tradition in China would be integral in bringing about the Chinese dream of social harmony.

How China Became Capitalist

Kniha Velká čínská kapitalistická revoluce popisuje mimořádnou a v mnoha ohledech nečekanou cestu, kterou Čína za posledních třicet let ušla v přeměně z uzavřené socialistické zemědělské ekonomiky k neuvěřitelně silné celosvětové velmoci.Autoři obnovují diskuzi o vzestupu čínské ekonomiky a přesvědčivě argumentují, že reformy provedené čínskými vůdci nepředstavují pokus o vytvoření kapitalistické ekonomiky, ale ta v Číně vznikla jako samostatné "okrajové revoluce", které do Číny přivedly zpět trh a podnikání.

Velká čínská kapitalistická revoluce

How China Became Capitalist details the extraordinary, and often accidental, journey that China has taken over the past thirty years in transforming itself from a closed agrarian socialist economy to an indomitable force in the international arena. The authors revitalize the debate around the development of the Chinese system through the use of primary sources. They persuasively argue that the reforms implemented by the Chinese leaders did not represent a concerted attempt to create a capitalist economy, but that the ideas from the West eventually culminated in a fundamental change to their socialist model, forming an accidental path to capitalism. Coase and Wang argue that the pragmatic approach of "seeking truth from fact" is in fact much more in line with Chinese culture. How China Became Capitalist challenges the received wisdom about the future of the Chinese economy, arguing that while China has enormous potential for growth, this could be hampered by the leaders' propensity for control, both in terms of economics and their monopoly of ideas and power.

Ronald Coase

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