China and capitalism

JCA co-editor Richard Westra has a new review available at our publisher maintained website. In it, he assesses the recent book by Michel Aglietta and Guo Bai entitled China’s Development: Capitalism and Empire (DOI: 10.1080/00472336.2015.1067389), published by Routledge.

Westra explains that this is an:Aglietta

ambitious book by Aglietta and Bai takes the reader on a journey from the Zhou Dynasty circa 1100 BC through China’s struggle to rebalance the post-socialist reform economy in the wake of the 2008 global financial meltdown. The theoretical framework underpinning the historical narrative is rooted in a peculiar mix of Adam Smith and the Marxist Regulation Theory of which Aglietta is a founder.

The reviewer questions the theoretical links of regulation theory with Adam Smith yet finds the book has many useful insights into China’s capitalist development.

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