China's Economic Culture: The Ritual Order of State and Markets

1st Edition

Carsten Herrmann-Pillath

Routledge
Published April 10, 2018
Reference - 608 Pages - 21 B/W Illustrations
ISBN 9781138588080 - CAT# K377381
Series: Routledge Studies in the Growth Economies of Asia

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Summary

China's spectacular rise challenges established economic moulds, both at the national level, with the concept of "state capitalism", and at the firm level, with the notion of indigenous "Chinese management practices". However, both Chinese and Western observers emphasise the transitional nature of the reforms, thereby leaving open the question as to whether China's reform process is really a fast catch-up process, with ultimate convergence to global standards, or something different. This book, by a leading economist and sinologist, argues that "culture" is an exceptionally useful tool to help understand fully the current picture of the Chinese economy. Drawing on a range of disciplines including social psychology, cognitive sciences, institutional economics and Chinese studies, the book examines long-run path dependencies and cultural legacies, and shows how these contribute crucially to the current cultural construction of economic systems, business organisations and patterns of embedding the economy into society and politics.

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