From Belgrade to Beijing :  Comparing Socialist Economic Reforms in Eastern Europe and China

Boer, Roland

doi:10.13169/worlrevipoliecon.12.3.0296

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World Review of Political Economy

Volume 12, Issue 3

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From Belgrade to Beijing : Comparing Socialist Economic Reforms in Eastern Europe and China

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Author(s): Roland Boer ^* ^,

Publication date (Electronic preprint): 01 October 2021

Journal: World Review of Political Economy

Publisher: Pluto Journals

Keywords: Eastern Europe, China, economic reforms, comparison

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Abstract

This study offers a comparative analysis of economic reforms in Eastern Europe and China. Some CMEA countries—especially Yugoslavia and Hungary—undertook reforms in the 1960s, while China launched its reform and opening-up in 1978. In light of the lessons learned—concerning planning, markets, ownership of means of production and liberation of productive forces, and the interaction of relations and forces of production during socialist construction—it is possible to provide a systematic comparison. After providing background to the reforms, the comparison has four steps: (1) de-linking a market economy from a capitalist system, and the concomitant de-linking of a planned economy from a socialist system; (2) whether a market economy is a neutral instrument usable in any system, or whether it is a component shaped by the system of which it is a part; (3) planning and markets within a socialist system; (4) the relationship between ownership of the means of production (and control over the forces of production) and liberation of productive forces in the process of socialist construction. The fourth topic leads to the more foundational question of the dialectical interactions between relations and forces of production, since on this matter the economic definition of socialism turns.

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Journal ID (doi): 10.13169/worlrevipoliecon

Title: World Review of Political Economy

Abbreviated Title: WRPE

Publisher: Pluto Journals

ISSN (Electronic): 2042-8928

Publication date (Electronic preprint): 01 October 2021

Volume: 12

Issue: 3

Pages: 296-320

Author notes

[* ] Correspondence: Roland Boer ( rolandboer@ 123456163.com )

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DOI: 10.13169/worlrevipoliecon.12.3.0296

SO-VID: 49c22094-e398-4103-8466-31a58bb72928

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Comments

Comment on this article

[1] A. Bajt 1989. “Socialist Market Economy.” Acta Oeconomica 40 (3–4): 180–183.

[2] L. Balcerowicz 1989. “On the ‘Socialist Market Economy.’” Acta Oeconomica 40 (3–4): 184–189.

[3] E. Barone (1908) 1935. “The Ministry of Production in the Collectivist State.” In Collectivist Economic Planning: Critical Studies on the Possibilities of Socialism, edited by F. von Hayek, 245–290. London: Routledge & Kegan Paul.

[4] V. Berestnei 1940. “Proizvoditelʹnye sily obshchestva i proizvodstvennye otnosheniia liudei” [The Productive Forces of Society and the Production Relations between People]. In Bolshaia sovietskaia entsiklopediia [The Great Soviet Encyclopaedia], vol. 47, 1st ed., edited by O. I. Schmidt, 145–162. Moscow: Gosudarstvennyi institut.

[5] J. Bockman 2011. Markets in the Name of Socialism: The Left-Wing Origins of Neoliberalism. Redwood City, CA: Stanford University Press.

[6] R. Boer 2015. The Sacred Economy of Ancient Israel. Louisville: Westminster John Knox.

[7] R. Boer 2017. Stalin: From Theology to the Philosophy of Socialism in Power. Beijing: Springer.

[8] R. Boer 2021a. “Socialism and the Market: Returning to the East European Debate.” New Political Economy: 1–16. doi: [Cross Ref].

[9] R. Boer 2021b. Socialism with Chinese Characteristics: A Guide for Foreigners. Singapore: Springer.

[10] R. Boyer, and Y. Saillard, eds. 2002. Régulation Theory: The State of the Art. London: Routledge.

[11] W. Brus 1973. The Economics and Politics of Socialism: Collected Essays. London: Routledge & Kegan Paul.

[12] W. Brus 1975. Socialist Ownership and Political Systems. Translated by R. A. Clarke. London: Routledge & Kegan Paul.

[13] W. Brus 1989. “From Revisionism to Pragmatism: Sketches towards a Self-Portrait of a ‘Reform Economist.’” Acta Oeconomica 40 (3–4): 204–210.

[14] W. Brus 1992. “The Compatibility of Planning and Market Reconsidered.” In Market Socialism or the Restoration of Capitalism?, edited by A. Åslund, 7–16. Cambridge: Cambridge University Press.

[15] W. Brus, and K. Laski. 1989. From Marx to the Market: Socialism in Search of an Economic System. Oxford: Clarendon.

[16] W. Cai 2018. “Be Wary in Using Concepts Like ‘Middle Class.’” [In Chinese.] Leading Journal of Ideological & Theoretical Education, no. 8: 93–98.

[17] E. Cheng 2007. “Four Theoretical Hypotheses for Contemporary Marxist Political Economy.” [In Chinese.] Social Sciences in China, no. 1: 16–29.

[18] E. Cheng 2018. “The Significant Achievements of Marxism and the Theory of Sinification—On Xi Jinping’s Economic Thought on Socialism with Chinese Characteristics for a New Era.” [In Chinese.] Southeast Academic Research 2018 (5): 1–8.

[19] E. Cheng 2020. “Ten Major Points of View of Marxism in the Context of an Academic Career.” [In Chinese.] Research on the Theories of Mao Zedong and Deng Xiaoping, no. 5: 97–107.

[20] E. Cheng, and L. Cao. 2009. “How to Establish an Accounting System for the Gross Domestic Welfare Product.” [In Chinese.] Economic Review, no. 3: 1–8.

[21] E. Cheng, and Z. Liu. 2018. “An Analysis of the Economic Development of the Soviet Union and the Reasons for Its Disintegration.” [In Chinese.] Journal of Theoretical and Political Education, no. 1: 67–71.

[22] E. Cheng, G. Wang, and K. Zhu. 2005. A Normative and Empirical Study of the Value Created by Labour—A New Wholistic Theory of the Value of Living Labour. [In Chinese.] Shanghai: Shanghai University of Finance and Economics Press.

[23] E. Cheng, G. Wang, and K. Zhu. 2019. The Creation of Value by Living Labour: A Normative and Empirical Study. Edited by A. Freeman. Translated by L. Hui and Y. Sun. 2 vols. Berlin: Canut.

[24] E. Cheng, and C. Xie. 2015. “On the Mixed Ownership Systems of Capitalism and Socialism.” [In Chinese.] Studies on Marxism, no. 1: 51–61, 158–159.

[25] CPC Central Committee. 2013. “Decisions by the CPC Central Committee concerning Several Major Issues on Comprehensively Deepening Reform.” [In Chinese.] People.cn, November 15. http://politics.people.com.cn/n/2013/1115/c1001-23559207.html.

[26] X. Deng (1979) 2008. “Socialism Can Also Develop a Market Economy (1979.11.26).” [In Chinese.] In Selected Works of Deng Xiaoping, vol. 2, 231–236. Beijing: People’s Publishing House.

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