When the Chinese economic reforms began in 1978, Marxist economics
infused all the institutions of economic theory in China, from
academic departments and economics journals to government
departments and economic think tanks. By the year 2000,
neoclassical economics dominated these institutions and organized
most economic discussion. This book explains how and why
neoclassical economic theory replaced Marxist economic theory as
the dominant economics paradigm in China. It rejects the idea that
the rise of neoclassical theory was a triumph of reason over
ideology, and instead, using a sociology of knowledge approach,
links the rise of neoclassical economics to broad ideological
currents and to the political-economic projects that key social
groups inside and outside China wanted to enable. The book
concludes with a discussion of the nature of economic theory and
economics education in China today.
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