This book is about mutual influences of thinking about economic development in China and in the West, from the 18th century until the present. Its chapters are contributed by development economists and historians of thought from China and other parts of the world.
The book describes important stages in the evolution, cross-fertilization and contextual modification of ideas about economic order, development and institutional change. It illustrates how Western concepts and theories have been adopted and adapted to Chinese conditions in different waves of modernization from the late 19th century until the present and that this was and is no one-way traffic. The book examines to what extent pre-classical thinking in the West, in particular French Physiocracy in mid-18th century, was influenced by China as an ideal and a source of ideas, at a time when China was the largest and most advanced economy in the world. It discusses to what extent different approaches of modern Western-style economics, in particular in the fields of development economics and institutional economics, can be used to understand the rapid transitions and developments of the Chinese economy in recent decades, and to what extent they need to be modified in the light of new experiences and insights. Against this background, several contributions to the volume provide assessments of the current state of economic science and teaching in China, in particular with regard to Chinese views on Western economics.
The book should be of interest to those who are interested in the economic history of China.
Table of Contents
1. Introduction, Ying Ma and Hans-Michael Trautwein 2. Physiocracy and the Chinese Model: Was Europe Borrowing from Chinese Political Economy?, Stephan Gaarsmand Jacobsen 3. The Reception of Adam Smith in East Asia: A Comparative Perspective, Qunyi Liu 4. Commodities, Natural Resources and Growth: A Study through the History of Economics, Mauro Boianovsky 5. Yan Fu, Individualism and Social Order: Translating Western Ideas at the Dawn of the 20th Century, Yang Cui and Evelyn Forget 6. Three Influent Western Thinkers during the "Breakup" Period in China: Eucken, Bergson and Dewey, Gilles Campagnolo 7. Chinese Tradition Meets Western Economics: Tang Qingzeng and his Legacy, Olga Borokh 8. He Lian, a Founder and Practitioner of Chinization of Western Economics: A Study with a Focus on his Activities at the Nankai Institute of Economics, Jianbo Zhou, Liu Yang and Jingyu Feng 9. Chinese Economics Students in America – with a Focus on Doctoral Dissertations prior to 1949, Jinwen Zou and Lizhi Song 10. Development Theory and Transition, Massimo Ricottilli 11. Thirty Years of Disputes on China’s Economic Reform, Xibao Guo and Ping Zhang 12. Northian Perspectives on China’s Economic Reform, Weisen Li and Hans Michael Trautwein 13. Chinese Reform and Schools of Thought in Western Economics: Chicago School versus Principal Agent Theory, Matthias Klaes and Yi Zhang 14. The East Asian Development Model Reconsidered: Which Lessons for China?, Yongqin Wang 15. The Changing Status of Western Economics in China, Fuqian Fang 16. The Transmission of Heterodox Economics in China, 1949-2009, Lin Zhang and Yingli Xu
Ying Ma is a Professor of Economics at School of Economics and Management, Wuhan University. He is also the Deputy Director of the Center for Economic Development Research (CEDR), Wuhan University. He was a Visiting Scholar to Harvard University from August 1991 to October 1992 and again from August 1999 to August 2000. He was given a six-month fellowship under the EU-China Higher Education Cooperation Programme to conduct research in Universite de Marne-la-vallee. His research interests include business cycles in developed countries, fiscal transfers as regional policy tools in Germany and the EU, thoughts of the German Historical School on economic development and fundamental theories and methodology of the structuralist approach to development economics.
Hans-Michael Trautwein is Professor of International Economics and the China Commissioner at the University of Oldenburg. He is also director of the Center for Transnational Studies (ZenTra) of the Universities of Bremen and Oldenburg. His research interests include the transnationalisation of finance and production, monetary integration and economic development, comparative evaluations of modern and older approaches to monetary macroeconomics, and the history of economic thought. He has been visiting professor at Wuhan University and at various universities and research institutes in Europe and South America.
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