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Ebook How China Became Capitalist by Ronald H. Coase read! Book Title: How China Became Capitalist
The author of the book: Ronald H. Coase
Language: English
Format files: PDF
The size of the: 429 KB
Edition: Palgrave Macmillan
Date of issue: April 30th 2016
ISBN: No data
ISBN 13: No data

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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.

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Ebook How China Became Capitalist read Online! Ronald H. Coase passed away on September 2, 2013, at the age of 102.

At the time of his death, Professor Coase was the Clifton R. Musser Professor Emeritus of Economics at The University of Chicago Law School.

Ronald H. Coase’s 1937 paper “The Nature of the Firm” was to establish the field of transaction cost economics. “The Problem of Social Cost,” published in 1961, sets out what is now known as the Coase Theorem and a new field in economic research, “law and economics.”

After holding positions at the Dundee School of Economics and the University of Liverpool, R. H. Coase joined the faculty of the London School of Economics in 1935. He continued at the London School of Economics and was appointed Reader in Economics with special reference to public utilities in 1947.

Mr. Coase has held both a Sir Ernest Cassel Traveling Scholarship and a Rockefeller Fellowship. He has also been a Fellow at the Center for Advanced Study in the Behavioral Sciences, Stanford, California. During World War II, he served as a statistician with the Central Statistical Office of the Offices of the British War Cabinet.

In 1951 Mr. Coase migrated to the United States and held positions at the Universities of Buffalo and Virginia prior to coming to the Law School in 1964. He has taught regulated industries and economic analysis and public policy. Mr. Coase was the editor of the Journal of Law and Economics from 1964 to 1982. Among his many publications are The Firm, the Market and the Law (1988) and Essays on Economics and Economists (1994). In 1977 Mr. Coase was a Senior Research Fellow at the Hoover Institution, Stanford University. Mr. Coase is a Fellow of the British Academy, the European Academy, and the American Academy of Arts and Sciences. He is a member of the Honour Committee of Euroscience. He holds honorary doctorate degrees from the University of Cologne, Yale University, Washington University, the University of Dundee, the University of Buckingham, Beloit College, and the University of Paris.

Coase was awarded the Alfred Nobel Memorial Prize in Economic Sciences in 1991. In 2003, Coase was the winner of The Economist Innovation Award in the category of “No Boundaries.” Coase’s current work continues to look into the complicated nature of the firm. He is also continuing his research into producer’s expectations and natural monopolies.

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