[Reform Debate: Economics of Speed and Passion]
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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International Economic Review,
Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 41(1), pages 219-39, February.
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- Elmar Altvater, 1998. "Theoretical Deliberations on Time and Space in Post-socialist Transformation," Regional Studies, Taylor & Francis Journals, vol. 32(7), pages 591-605.
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