Editor's Introduction

This issue consists of eight articles selected from >u>Jingji yanjiu>/u> [Economic Research], a theoretical journal on political economy published in the People's Republic of China. After twelve years of suspension, publication was resumed in January 1978. Many of the authors are the same prolific writers who were active prior to the demise of the journal in 1966: Sun Yefang, one-time director of the Economics Institute; Xue Mujiao, former director of the State Statistical Bureau, and Xu Dixin, an economics professor. A scrutiny of the first twelve issues reveals a revival of some lively discussions on a wide range of concepts and theories including profits, economic accounting, pricing, and so on. The first five issues, however, deal with virtually all of the theoretical disputes between Zhang, Wang, Jiang, and Yao, the "gang of four," and the mainstream economists. This is what the eight articles published here are all about. Interesting as the other articles may be, space limitations do not allow us to provide cover-to cover-to-cover translations of the journal. Instead, therefore, >u>Chinese Economic Studies>/u>, in the next issue, will publish the tables of contents of >u>Jingji yanjiu>/u> beginning with the January 1978 issue up to the current issue. Thereafter we will continue to provide this service to our readers as space permits.