Abstract

PurposeIt is scholars' great mission in this era to creatively develop new implications, paradigms and discourses of China's political economy and establish a theoretical system of political economy with Chinese characteristics based on the fundamental principles of Marxist theory and the practice and historical process of Chinese economic reform, through theorizing and systemizing the practices of China's socialist market economy construction. The purpose of this paper is to give some suggestions to establish a socialist theoretical system with Chinese characteristics.Design/methodology/approachThis paper makes a comprehensive analysis of the principles, objectives, study objects, methodologies as well as the framework of the theoretical system of the political economy with Chinese characteristics.FindingsAdditionally, starting from the unity of opposites between public ownership of resources and resource allocation in a market mechanism, which is the fundamental dialectical relation of China's socialist market economy, the authors will adopt the dual dialectical analysis approach to discover and understand the duality features of the socialist economic system with Chinese characteristics.Originality/valueWith adherence to the mission of China's socialist economic system, the goal of China's market economic reform, and the perspectives of Marxist political economy, the authors must explicitly define the so-called Chinese characteristics and then summarize the dynamics and innovations during the evolution of Chinese socialist political economy with high theory confidence and theory self-consciousness.

Highlights

  • It is scholars’ great mission in this era to creatively develop new implications, paradigms and discourses of China’s political economy and establish a theoretical system of political economy with Chinese characteristics based on the fundamental principles of Marxist theory and the practice and historical process of Chinese economic reform, through theorizing and systemizing the practices of China’s socialist market economy construction

  • It is what we need to do in this era and the significant mission of theoretical scholars to establish a theoretical system of socialist political economics with Chinese characteristics, which shall be a relatively welldeveloped theoretical system of political economics since the foundation of the People’s Republic of China (PRC), especially after the implementation of the reform and opening-up policy

  • The socialist political economics with Chinese characteristics aims to combine the general principles of Marxism and the practices in China to guide China’s socialist economic practices, provides answers to and solve practical problems

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Summary

Theoretical system of socialist economics

According to the report of the 18th National Congress of the Communist Party of China (CPC), we should continue to adapt Marxism to China’s conditions in keeping up with the times and increase its appeal to the people, further implement the national project to study and develop Marxist theory, build an innovation system in philosophy and the social sciences and have every confidence in our path, in our theories and in our system. We are required to establish a socialist theoretical system with Chinese characteristics, and socialist political economics is one of its most important components. It is what we need to do in this era and the significant mission of theoretical scholars to establish a theoretical system of socialist political economics with Chinese characteristics, which shall be a relatively welldeveloped theoretical system of political economics since the foundation of the People’s Republic of China (PRC), especially after the implementation of the reform and opening-up policy. Published in Simplified Chinese in Economic Research Journal

China Political Economy Emerald Publishing Limited
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