Making Sense of the Chinese “Socialist Market Economy”

  title={Making Sense of the Chinese “Socialist Market Economy”},
  author={Zhiyuan Cui},
  journal={Modern China},
  pages={665 - 676}
This short essay explores the theoretical meaning of the Chinese notion of “socialist market economy” in light of the recent financial crisis in the West. It argues that James Meade’s theory of “liberal socialism” can help us to understand both “temporary nationalization” as a response to the financial crisis in the West and the Chinese experiment with “socialist market economy.” 

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