China's Approach to Social Market Economics
The Chinese variant of Market Socialism Seeks to Escape from the Difficulties of Central Command Planning
Bibliographic Data
| ID | 7579213 |
|---|---|
| Authors | Siegfried G Karsten (Hodges University, corresponding author) |
| Year | 1988 |
| Volume | 47 |
| Issue | 2 |
| Pages | 129-148 |
| Publication date | 1988-04-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | American Journal of Economics and Sociology (JOURNAL) |
| Journal identifiers | ISSN: 0002-9246 • E-ISSN: 1536-7150 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/j.1536-7150.1988.tb02018.x |
| OpenAlex | W2053010976 |
| Language | EN |
| Citations received | 4 |
A bstract . The paradigm of a social market economy provides a rational basis for resolving structural socioeconomic changes , as presently evidenced in the People's Republic of China. China's approach to socioeconomic change, labeled as “ Socialism with Chinese Characteristics,” resembles a modified version of Eucken's paradigm of a social market economy. 1 The Chinese paradigm, leaning on that of Walter Eucken , provides for a “limited” free market , which not only accommodates economic growth and change, but which also makes allowance for some degree of human , especially economic freedom , and dignity. Eucken's model is based on a sound institutional and legal framework which he considered to be essential for a viable modern market economy. China's new socioeconomic program is moving the country in this direction. It takes into account people's desire for a useful and Just socioeconomic order (however defined), characterized by stable socioeconomic and political policies and by a flexible price mechanism, to enable them to live a life in dignity, free of economic deprivation
China · Dignity · Economic system · Economics · Free market · Market economy · Market mechanism · Market price · Microeconomics · Order (exchange) · Planned economy · Political economy · Political science · Politics · Price mechanism · Social order · Socialism · Socialist market economy · Socioeconomic status · Sociology · China's Socioeconomic Reforms and Governance · Law
| Unique citing works | 4 |
|---|---|
| Citations per year | 0,12 |
| Citation span | 1993 - 2019 (27) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 4 |