In term of time and space, economic changes are non-ergodic, reform speed and equilibrium is determined by the characteristics of time and space. The great achievements of China's gradual reforms are by no means accidental, time-space dependence and non-ergodic economic changes is consistent with the guiding ideology of “feeling our way across the river”, by time-space compression, China's gradual reforms have exhibited dynamic adaptive efficiency.
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number
11564.
Find related papers by JEL classification: B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Institutional; Evolutionary O10 - Economic Development, Technological Change, and Growth - - Economic Development - - - General P51 - Economic Systems - - Comparative Economic Systems - - - Comparative Analysis of Economic Systems B25 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Historical; Institutional; Evolutionary; Austrian P16 - Economic Systems - - Capitalist Systems - - - Political Economy of Capitalism
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