From Mao to Market: Rent Seeking, Local Protectionism, and Marketization in China (Cambridge Modern China Series) - Image 1

£43.56

Cambridge University Press From Mao to Market: Rent Seeking, Local Protectionism, and Marketization in China (Cambridge Modern China Series)

Name: From Mao to Market: Rent Seeking, Local Protectionism, and Marketization in China (Cambridge Modern China Series)
Brand: Cambridge University Press
Price: 43.56 GBP
Availability: InStock

10 b/w illus. 4 tables

Business & Economic History

About as cheap as it gets. The only time it was cheaper was 3 months ago.

£44 today · all-time low £42 (Mar 2026) · usually £44

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Description

Andrew Wedemen argues that China succeeded in moving from a Maoist command economy to a market economy because the central government failed to prevent local governments from forcing prices to market levels. Having partially decontrolled the economy in the early 1980s, economic reformers baulked at price reform, opting instead for a hybrid system wherein commodities had two prices, one fixed and one floating. Depressed fixed prices led to 'resource wars', as localities battled each other for control over undervalued commodities while inflated consumer goods prices fuelled a headlong investment boom that saturated markets and led to the erection of import barriers. Although local rent seeking and protectionism appeared to carve up the economy, in reality they had not only pushed prices to market levels and cleared the way for sweeping reforms in the 1980s, they had also pushed China past the 'pitfalls' of reform that entrapped other socialist economies.

Product Specifications

Brand: Cambridge University Press
Model: 10 b/w illus. 4 tables
Format: hardcover
ASIN: 0521809606
Category: Books > Subjects > Business, Finance & Law > Biographies & Histories > Business & Economic History
Domain: Amazon UK
Release Date: 10 July 2003
Listed Since: 16 December 2006

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Cambridge University Press From Mao to Market: Rent Seeking, Local Protectionism, and Marketization in China (Cambridge Modern China Series)

About as cheap as it gets. The only time it was cheaper was 3 months ago.

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