The Theory of Polanyi's Free Market Path:a Practice of China's Land, Labor and Monetary Reform

DOI

10.2991/isbcd-17.2017.10How to use a DOI?

Keywords

Government power, intervention and control, freedom, market economy

Abstract

Karl Polanyi stresses that the establishment of the free market is dependent on the formation of the state compulsory intervention, and since ancient times, there has been no such thing as completely free, self-regulating market system, and the claim of spontaneous adjustment market is a thorough utopia. Based on a series of Chinese reform measures in the eighties and nineties (of the 20th century), it can be found that the evolving path of Chinese free market economy , just like what Polanyi said, has been relying on the state's intensive and extensive power, rather on the spontaneous free market mechanism. Therefore, without the compulsory intervention force, the system of socialist market economy cannot spread out as we witness today.

Copyright

© 2017, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Zhenli Wang
AU  - Jianyu Lin
PY  - 2017/10
DA  - 2017/10
TI  - The Theory of Polanyi's Free Market Path:a Practice of China's Land, Labor and Monetary Reform
BT  - Proceedings of the 2nd International Symposium on Business Corporation and Development in South-East and South Asia under B&R Initiative (ISBCD 2017)
PB  - Atlantis Press
SP  - 42
EP  - 46
SN  - 2352-5428
UR  - https://doi.org/10.2991/isbcd-17.2017.10
DO  - 10.2991/isbcd-17.2017.10
ID  - Wang2017/10
ER  -