Abstract

Objectives This study aims to analyze the trend of market failure by period in the Chinese high school 「Ideological and Political」 textbook published from 1983 to 2019 to explore how market failure in China by period is reflected in the textbook. Methods 12 textbooks were collected and analyzed in 1983, 1989, 1998, 2004, 2011, 2016, and 2019 published in line with the revision cycle of the 「Ideological and Political」 curriculum in Chinese high schools. The collected data were analyzed based on China's economic development stage and the definition of market failure, and both text and illustration were included. Results As a result of the analysis, the pattern of market failure in the Chinese high school 「Ideological and Political」 textbooks appears differently depending on the period. Market failure in the textbooks during the Chinese market economy exploration stage (1978-1991) was monopolization, corruption, inflation, and widening the income gap. Market failure in textbooks during the Initial construction stage of the market economy (1992-2001) is administrative monopoly, Counterfeit Products, mammonism, unfair competition. Market failure in the textbooks during the stage of full-scale and in-depth reform (2002-2012) is corruption, economic instability, administrative monopoly, counterfeit products, distributionism, unfair competition, illegal fundraising and investment, socioeconomic inequality, and environmental issues. Market failure in textbooks in comprehensive deepening of reform (2013~present) is administrative monopoly, unfair competition, monopoly, Socio-economic inequality, environmental issues, urbanization, economic instability and supply-side structural reform. Conclusions In Chinese high school 「Ideological and Political」 textbooks, market failure is the basis for the party and the government's involvement in the economic field. Administrative monopoly, which appears only in China, a country in the transition period of the economic system in Chinese textbooks, is also a problem in the market. Since the market has inherent problems such as unfair competition, monopoly, damage to social equity, and widening income gap, it is argued that control and control of the national economy of the country are needed before the market failure of the market. The logic of the Communist Party of China has been consistently reflected since China adopted a socialist market economy system, and in particular, the 2019 textbook shows a strong tendency for state-led economic growth led by the party.

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