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WESTERN ECONOMICS (1) answer(s).
 
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Chen Daisun and the search for theoretical foundations of economic reforms in China / Borokh, Olga   Journal Article
Borokh, Olga Journal Article
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Summary/Abstract Chen Daisun received his economic education in the United States in the 1920s. In the initial period of reforms, he proposed to selectively borrow from Western economics, including methods of quantitative analysis, experience in managing enterprises and using the market mechanism, and research on the negative consequences of industrialization. His recommendations combined the Marxist approach with a deep knowledge of modern economic theory. The scholar made a significant contribution to the return of the study of foreign economic thought in China. The author concludes that Chen Daisun's appeal to proceed from national specifics and try to create a highly developed Chinese economic science remains relevant in the current ideology of the PRC.
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