In dieser Arbeit wird der Nachweis erbracht, dass es im Rahmen der neoklassischen Theorie nicht möglich ist, grundlegende Probleme der Transformation realsozialistischer Wirtschafssysteme im Hinblick auf Unternehmen zu erkennen. Um diesen Defiziten begegnen zu können, wird der Versuch eines...

Preserving the direction of the Chinese Communist Party after the death of Mao Zedong, Deng Xiao Ping has lead a process of economic and structural reforms that led China to open to the outside world and become one of the impelling forces of globalization. China's admission to the WTO, in 2001,...

The term socialist market economy indicates the Chinese economic structure, characterized by a mixed system presenting the typical features both of market and planning economies. In this type of system, the political authoritarianism, due to the 1949 socialist regime, matches with a market...

The chapter analyzes the basis of the market economy in classical Rome, from the perspective of personal vs impersonal exchange and focusing on the role of the state in providing market-enabling institutions. It starts by reviewing the central conflict in all exchanges between those holding and...

The Chinese economy has undergone three major phases: the 1978-97 period marked as the SOE-led economy, the 1998-2015 phase as the investment-driven economy, and the new normal economy since 2016. All three economies have been shaped by the government financial policies, defined as a set of...

Purpose - This paper aims to determine the status of the socialist market economy through a logical analysis of the evolution of economic systems in human society. Design/methodology/approach - This paper presents an analysis of uncertainty and the functions performed by different economic...