IDEAS home Printed from https://ideas.repec.org/p/hal/journl/halshs-01185950.html
   My bibliography  Save this paper

Chinese Market Mechanism: A Controversial Debate

Author

Listed:
  • Thierry Pairault

    (CCJ - Chine, Corée, Japon - EHESS - École des hautes études en sciences sociales - UPD7 - Université Paris Diderot - Paris 7 - CNRS - Centre National de la Recherche Scientifique)

Abstract

The points made in works of Engels and Stalin on the ‘law of value' under socialism remind us of the problem of the law of value's relationship to commodity production under socialism, to market mechanisms, to planning. A useful bit of conceptual clarity was proposed by W. Brus who argued that the major economic decisions concerned with macroeconomics and economic growth need a degree of centralization; market forces can assist plan implementation in the circulation of agricultural and light industrial goods. Chen Yun stood for a wider role for market forces and decentralized decision-making. In the 1950s and again in 1979 he gained a good deal of support from the Deng faction. However the need for an adjustment policy of restricting the dominance of heavy industry and capital construction works led after December 1980, not to a deepening of economic reform but to the growing strength of centralizers like Li Xiannian supported by the military for their own ends.

Suggested Citation

  • Thierry Pairault, 1983. "Chinese Market Mechanism: A Controversial Debate," Post-Print halshs-01185950, HAL.
    • Handle: RePEc:hal:journl:halshs-01185950
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hal:journl:halshs-01185950. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: CCSD (email available below). General contact details of provider: https://hal.archives-ouvertes.fr/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.