TY - BOOK AU - Coase,R.H. AU - Wang,Ning TI - How China became capitalist SN - 1137019360 AV - HC427.92 .C63 2012 U1 - 330.1220951 23 PY - 2012/// CY - Houndmills, Basingstoke, New York, NY PB - Palgrave Macmillan KW - Mixed economy KW - China KW - Economic policy KW - 1976-2000 KW - 2000- KW - Economic conditions N1 - Includes bibliographical references and index; China at the death of Mao -- China in transition -- How China's market reform began -- A bird in the cage: market reform under socialism -- Growing out of socialism: capitalism with Chinese characteristics -- From capitalism to capitalisms N2 - "How China Became Capitalist details the extraordinary, and often accidental, journey that China has taken over the past thirty years in transforming itself from a closed agrarian socialist economy to an indomitable force in the international arena. The authors revitalize the debate around the development of the Chinese system through the use of primary sources. They persuasively argue that the reforms implemented by the Chinese leaders did not represent a concerted attempt to create a capitalist economy, but that the ideas from the West eventually culminated in a fundamental change to their socialist model, forming an accidental path to capitalism. Coase and Wang argue that the pragmatic approach of "seeking truth from fact" is in fact much more in line with Chinese culture. How China Became Capitalist challenges the received wisdom about the future of the Chinese economy, arguing that while China has enormous potential for growth, this could be hampered by the leaders' propensity for control, both in terms of economics and their monopoly of ideas and power"--Provided by publisher ER -