"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
RONALD COASE is a Nobel Laureate in Economics. His work has had a profound impact on economics; his work clarified the theory of the firm and gave rise to the field of Law and Economics. The Coase theorem is widely studied in economics. Professor Coase is currently Clifton R. Musser Professor Emeritus of Economics at the University of Chicago Law School, he is also a research advisor at the Ronald Coase Institute.
NING WANG is Assistant Professor at the School of Politics and Global Studies, Arizona State University.
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 3 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 10 months ago 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 10 months ago 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 10 months ago by cloudtree
This is a book about an important topic, and the authors know their material. There are few books out there with this much substance this well analyzed, and the lessons the... Read morePublished 15 months ago by etienne53
Someone please explain to me how the Kindle version of this book costs $83 while the paperback costs $33 at the time I write this review. Read morePublished 15 months ago by J. Mulnix
I enjoyed very much the book, because it provides a very interesting view, with a lot of historical background, that explains how China has evolved in the last 50 years. Read morePublished 15 months ago by Alejandro Dezerega
Deng Xiaoping was the key leader in China's economic reform, and brought Chen Yun back to power with him in 1978. Read morePublished 16 months ago by Loyd E. Eskildson