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"Patient readers will be rewarded with a better and deeper understanding of the most extraordinary transformation in modern economic history." - The Wall Street Journal
"As China is sure to become a hotly debated focal point in the presidential election, this book, with its emphasis on markets and history, becomes of paramount importance." - The Washington Times
"Anyone curious as to how China became the world's second biggest economy should read this interesting book." - The LSE Review of Books
"This is a major contribution to the whole literature on economic change as well as on China. Nowhere in all of the literature on economic change and development that I know is there such a detailed study of the fumbling efforts of a society to evolve and particularly one that had as long and as far to go as China did." - Douglass C. North, 1993 Nobel laureate in Economics
"Ronald Coase, now 100 years plus, and Ning Wang have written a compelling and exhaustive commentary about China's fitful transition from Socialism under Mao to today's distinctive capitalist economy. No student of China or socialism can afford to miss this volume." - Richard Epstein, University of Chicago Law School
"This book is one of the greatest works in economics and in studies of China, not only for today, but for the future." - Chenggang Xu, University of Hong Kong
"Coase finds a nation whose philosophy and policy have reflected the same simple principle - 'seeking truth from facts' - that has inspired his own path-breaking analyses of firms, markets and law. A fascinating and exceptionally thought-provoking account of how China, repeatedly seeking more efficient socialism, found itself turning capitalist." - Stephen Littlechild, Emeritus Professor, University of Birmingham, and Fellow, Judge Business School, University of Cambridge
Not convinced! When the authors tried to explain how China became capitalist, they however did not define what capitalism was in the book before answering the question. Read morePublished 10 months ago by Y. W.
This is my favorite book about China so far, due to a combination of insights and readability.
They emphasize that growth happened rather differently from how China's... Read more
A clearly written, penetrating analysis of the transformation of China as both a "top down" and "bottom up" phenomenon. Read morePublished 13 months ago by M. Lorenzo Warby
When I first toured China (and Chinese industries and collective farms) in the early eighties, the future was uncertain, but hopes of reformers ran high. Read morePublished 18 months ago by Wolfgang Kasper
One of the more important books about China.
A must for anyone interested in world politics.
A companion book would be Kissinger's "On China."
Economists and policy-makers have opined that the phenomenal economic growth in China for the previous three decades is due mainly to their well-established central planning system... Read morePublished on November 2, 2013 by Hubert Shea
I think it has given a fairly objective and informative introduction to the situation in China since it opened up to the outside world.Published on October 8, 2013 by Amazon Customer
Very useful for expensive you view.It was I first read coase's book.Also the first to learn the man have this name.Published on October 7, 2013 by cloudtree