The logic of the market : an insider's view of Chinese economic reform / Weiying Zhang ; translated by Matthew Dale.

Format:

Book

Author/Creator:

Zhang, Weiying, 1959- author.

Language:

Chinese

English

Subjects (All):

Financial crises.

China--Economic policy--1976-2000.

China.

Economic policy.

China--Economic policy--2000-.

China--Commercial policy.

Commercial policy.

Financial crises--China.

Economic development--China.

Economic development.

Physical Description:

xxii, 416 pages : illustrations ; 24 cm

Place of Publication:

Washington, D.C. : Cato Institute, [2015]

Language Note:

Translated from the Chinese.

Summary:

First published in China in 2010, where it became a bestselling academic title, The Logic of the Market is a collection of well-known economist Zhang Weiying's most influential essays on Chinese economic reforms. Considered China's "leading market liberalist," the author offers a unique perspective on the market economy, implementation of free-market economic policies, and the potential for Chinese economic development. He describes the market economy as ..".humanity's greatest creation. It provides the best rules of the game for human progress," and he believes it exemplifies the old Chinese proverb: "benefit yourself by benefiting others." The author believes that only the institutional arrangements of "private property, unhampered prices, enterprises, entrepreneurs, and profit" guarantee that in a market economy, "enriching oneself at the expense of others cannot be done." In fact, he argues, it is this logic of the market that has led to China's recent unprecedented economic progress and prosperity.

Contents:

Understanding and safeguarding the market economy

Profits and corporate social responsibility

Is state ownership consistent with a market economy? the chinese experience

The anti-competition nature of the anti-monopoly law

Liberalize commercial activity

Good policy and bad policy

The market and morality

Rational thinking on China's reforms

China's gradual reform : a historical perspective

Property rights reform, the rise of entrepreneurs, and China's economic development

China's state-owned enterprise reform : a corporate governance perspective

China's price reform

Market reforms and income distribution

Understanding the crisis is more important than reacting to it

The economy is not a single product of GDP

Financial crises and the development of economics

Taking the pulse of future Chinese economic growth and systemic reform.

Notes:

Includes bibliographical references and index.

ISBN:

9781939709592

1939709598

9781939709608

1939709601

OCLC:

881207917