Corvinus
Corvinus

Kornai on the afnity of systems: Is China today an illiberal capitalist system or a communist dictatorship?

Mihályi, Péter and Szelényi, Iván (2020) Kornai on the afnity of systems: Is China today an illiberal capitalist system or a communist dictatorship? Public Choice . DOI https://doi.org/10.1007/s11127-020-00835-0

[img]
Preview
PDF - Requires a PDF viewer such as GSview, Xpdf or Adobe Acrobat Reader
622kB

Official URL: https://doi.org/10.1007/s11127-020-00835-0

A nyílt hozzáférést az EISZ és a kiadó között létrejött "Read and Publish" szerződés biztosította. Open access was provided "Read and Publish" contract between EIS and the publisher.

Abstract

More than 40 years ago, János Kornai introduced his famous supermarket metaphor. Socioeconomic systems cannot be constructed from purposely selected features, similar to customers in a supermarket, who can freely put into their shopping trolley whatever they like. Systems constitute an organic whole. They contain good and bad features in fxed proportions. After 1990, Kornai and most Western commentators expected that as market integration and private property expand, China would eventually turn into a liberal democracy. Prior to the worldwide fall of communism, Kornai had three primary criteria to determine whether a country was socialist or capitalist; later he amended this with six secondary ones. The present paper introduces into this list an additional 11 criteria—i.e. 20 quantifable metrics altogether. Kornai was among the very frst to recognize that with President Xi Jinping taking charge, China made a U-turn. While capitalist elements remain strong, in the fnal analysis, the country is on its way back to where it was before 1978.

Item Type:Article
Uncontrolled Keywords:China, liberalism, illiberalism, dictatorship, comparative economics
JEL classification:B14 - History of Economic Thought through 1925: Socialist; Marxist
P14 - Capitalist Systems: Property Rights
Subjects:Economic policy
Political science
DOI:https://doi.org/10.1007/s11127-020-00835-0
ID Code:6101
Deposited By: Veronika Vitéz
Deposited On:26 Nov 2020 16:45
Last Modified:27 Nov 2020 14:27

Repository Staff Only: item control page