This book provides a comprehensive account of the structure, conduct, and performance of the centrally planned economies of Eastern Europe, the USSR, Communist China and the Marxist LDCs, looking at 26 nations in all. The author focuses on reform, perhaps the most important issue facing countries such as the USSR, Poland, Hungary, and China. Bureaucracy, soft budget constraints, markets, and the nature of the socialist state are the central issues that arise in the course of reforming a socialist economy. The first half of the book deals with 'classical socialism' and provides a theoretical summary of the main features of a now closed period of history. The second half deals with the processes of reform and concludes that the reform of classical socialist systems is doomed to failure as they are unable to renew themselves internally.

A new translation from the original Russian manuscript with a new afterword by the translator and a timeline of Stalin's life and works. In one of his last works written in 1952, Stalin addresses various economic challenges facing the Soviet Union in its pursuit of socialism. He discusses topics ranging from commodity production under socialism to the role of the law of value, offering insights and solutions based on Marxist-Leninist theory.

A comprehensive, systematic analysis of the North Korean economy, exposing its hidden workings through quantitative data analysis and surveys.

This anthology concentrates on domestic questions, economic policies, and socialist development and ideology. The essays' subjects include such varied topics as education, economics, the military, leadership, and economic assistance and humanitarian aid.

How China Became Capitalist details the extraordinary, and often unanticipated, journey that China has taken over the past thirty five years in transforming itself from a closed agrarian socialist economy to an indomitable economic force in the international arena. The authors revitalise the debate around the rise of the Chinese economy through the use of primary sources, persuasively arguing that the reforms implemented by the Chinese leaders did not represent a concerted attempt to create a capitalist economy, and that it was 'marginal revolutions' that introduced the market and entrepreneurship back to China. Lessons from the West were guided by the traditional Chinese principle of 'seeking truth from facts'. By turning to capitalism, China re-embraced her own cultural roots. How China Became Capitalist challenges received wisdom about the future of the Chinese economy, warning that while China has enormous potential for further growth, the future is clouded by the government's monopoly of ideas and power. Coase and Wang argue that the development of a market for ideas which has a long and revered tradition in China would be integral in bringing about the Chinese dream of social harmony.

Why socialism has failed to play a significant role in the United States - the most developed capitalist industrial society and hence, ostensibly, fertile ground for socialism - has been a critical question of American history and political development. This study surveys the various explanations for this phenomenon of American political exceptionalism.

China has become deeply integrated into the world economy. Yet, gradual marketization has facilitated the country’s rise without leading to its wholesale assimilation to global neoliberalism. This book uncovers the fierce contest about economic reforms that shaped China’s path. In the first post-Mao decade, China’s reformers were sharply divided. They agreed that China had to reform its economic system and move toward more marketization—but struggled over how to go about it. Should China destroy the core of the socialist system through shock therapy, or should it use the institutions of the planned economy as market creators? With hindsight, the historical record proves the high stakes behind the question: China embarked on an economic expansion commonly described as unprecedented in scope and pace, whereas Russia’s economy collapsed under shock therapy. Based on extensive research, including interviews with key Chinese and international participants and World Bank officials as well as insights gleaned from unpublished documents, the book charts the debate that ultimately enabled China to follow a path to gradual reindustrialization. Beyond shedding light on the crossroads of the 1980s, it reveals the intellectual foundations of state-market relations in reform-era China through a longue durée lens. Overall, the book delivers an original perspective on China’s economic model and its continuing contestations from within and from without.

The bastard step-child of Milton Friedman and Anthony Bourdain, Socialism Sucks is a bar-crawl through former, current, and wannabe socialist countries around the world. Free market economists Robert Lawson and Benjamin Powell travel to countries like Venezuela, Cuba, Russia, and Sweden to investigate the dangers and idiocies of socialism—while drinking a lot of beer.

To what extent can contemporary socialist economies be reformed by the introduction of markets? The question is usually debated in either a Chinese or an East European context; this collection of eleven essays is unique in taking the first steps toward a comparative analysis. Twenty years of experience with reforms in Hungary and a decade of experimentation with reforms in China proivde a critical mass of evidence for analyzing the problems endemic to cnetrally planned economies and the dilemmas faced in efforts to reform them. In reflecting on the Chinese and East European experiences, these essays trace the shift from a conception of reform as a mix of planning and makrets within the state sector to a socialist mixed economy with implications for the emergence of new social groups and autonomous social organizations. The essays exemplify a new perspective in the study of state socialism that changes the focus from ideologies to economic institutions, examining how the activities of subordinate groups place limits on the power of state elites. The authors include scholars who have shaped debates in Eastern Europe and whose work is now stimulating much discussion in China, as well as representatives of a younger generation of economists, sociologists, and political scientists writing on the basis of field research recently conducted in factories, cities, and villages in China and Eastern Europe. The contributors are: Wlodzimierz Brus, Walter D. Connor, Zhiren Lin, Victor Nee, Susan Shirk, David Stark, Ivan Szelenyi, and Martin King Whyte. An introductory essays surveys recent theories and research on state socialism and outlines a new institutional perspective for understanding the dilemmas of partial reforms, the political cycles of reform and retrenchment, and the role of subordinate groups in stimulating changes outside the state sector.