Abstract
Adam Smith in Beijing offers a subversive analysis of China's rise, an analysis which has provoked a strong reaction in the academic world outside China. Based on Adam Smith's economic principles and world systems analysis, the book comprehensively explores China's reform and opening up and its market economy, as well as the role they have played in China's rise. In his view, Adam Smith's economic principles offer the best way of understanding China's rise. But objectively speaking, in this book, Arrighi misjudges the significance of China's rise and actual situation. Therefore, to a certain degree, his theory serves as the contemporary protector and defender of bourgeois political domination and the capitalist system.
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