The interpretation of China’s economic modernization from the broad Marxist political economy

Purpose – The modernization of China’s economy is an integral part of Chinese-style modernization. According to the principle of unifying theoretical, historical and practical logic, theoretically explaining the modernization of China’s economy is both a political necessity and a higher scientific r...

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Main Authors: Guocheng Xiang, Jingjing Liu, Yuxuan Yang
Format: Article
Language:English
Published: Emerald Publishing 2024-11-01
Series:China Political Economy
Subjects:
Online Access:https://www.emerald.com/insight/content/doi/10.1108/CPE-12-2024-044/full/pdf
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author Guocheng Xiang
Jingjing Liu
Yuxuan Yang
author_facet Guocheng Xiang
Jingjing Liu
Yuxuan Yang
author_sort Guocheng Xiang
collection DOAJ
description Purpose – The modernization of China’s economy is an integral part of Chinese-style modernization. According to the principle of unifying theoretical, historical and practical logic, theoretically explaining the modernization of China’s economy is both a political necessity and a higher scientific requirement. Design/methodology/approach – Following this evolutionary line – from modes of production to the general economic development mechanism and then to patterns of economic operation and development – this paper employs the principal contradiction analysis method to offer an interpretation of China’s economic modernization from the broad Marxist political economy perspective. Findings – In economic terms, “get organized” primarily refers to the development and mutual promotion of team-based and market-based division of labor organizations, as discussed by Karl Marx. “Get organized” (specifically the development of team-based division of labor organizations) acts as the engine of China’s economic modernization and serves as the historical logical starting point. Division of labor is the theoretical logical starting point for interpreting China’s economic modernization. The two of them are congruent, achieving the unity of theoretical and historical logic at the starting point. The development and mutual promotion of these “two types of division of labor” inherently generate the general mechanism of economic development first comprehensively discussed by Marx and Friedrich Engels, which involves the division of labor development and market expansion accumulating cyclically and reinforcing each other. This mechanism drives both the high-speed and high-quality development of China’s economic modernization. Originality/value – The broad Marxist political economy paradigm facilitates explaining China’s economic modernization theoretically, historically and practically with unified logic. “Get organized” serves as both the engine and the realization mechanism of this modernization, with the Communist Party of China (CPC) consistently being the core force of this organizational effort.
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spelling doaj-art-e823c005b62043479530573ce6048df42025-08-20T02:51:18ZengEmerald PublishingChina Political Economy2516-16522024-11-017214519410.1108/CPE-12-2024-044The interpretation of China’s economic modernization from the broad Marxist political economyGuocheng Xiang0Jingjing Liu1Yuxuan Yang2Xi Jinping Economic Thought Research Center, Hunan University of Technology and Business, Changsha, ChinaXi Jinping Economic Thought Research Center, Hunan University of Technology and Business, Changsha, ChinaXi Jinping Economic Thought Research Center, Hunan University of Technology and Business, Changsha, ChinaPurpose – The modernization of China’s economy is an integral part of Chinese-style modernization. According to the principle of unifying theoretical, historical and practical logic, theoretically explaining the modernization of China’s economy is both a political necessity and a higher scientific requirement. Design/methodology/approach – Following this evolutionary line – from modes of production to the general economic development mechanism and then to patterns of economic operation and development – this paper employs the principal contradiction analysis method to offer an interpretation of China’s economic modernization from the broad Marxist political economy perspective. Findings – In economic terms, “get organized” primarily refers to the development and mutual promotion of team-based and market-based division of labor organizations, as discussed by Karl Marx. “Get organized” (specifically the development of team-based division of labor organizations) acts as the engine of China’s economic modernization and serves as the historical logical starting point. Division of labor is the theoretical logical starting point for interpreting China’s economic modernization. The two of them are congruent, achieving the unity of theoretical and historical logic at the starting point. The development and mutual promotion of these “two types of division of labor” inherently generate the general mechanism of economic development first comprehensively discussed by Marx and Friedrich Engels, which involves the division of labor development and market expansion accumulating cyclically and reinforcing each other. This mechanism drives both the high-speed and high-quality development of China’s economic modernization. Originality/value – The broad Marxist political economy paradigm facilitates explaining China’s economic modernization theoretically, historically and practically with unified logic. “Get organized” serves as both the engine and the realization mechanism of this modernization, with the Communist Party of China (CPC) consistently being the core force of this organizational effort.https://www.emerald.com/insight/content/doi/10.1108/CPE-12-2024-044/full/pdfBroad Marxist political economyEconomic organizationChina’s economic modernization
spellingShingle Guocheng Xiang
Jingjing Liu
Yuxuan Yang
The interpretation of China’s economic modernization from the broad Marxist political economy
China Political Economy
Broad Marxist political economy
Economic organization
China’s economic modernization
title The interpretation of China’s economic modernization from the broad Marxist political economy
title_full The interpretation of China’s economic modernization from the broad Marxist political economy
title_fullStr The interpretation of China’s economic modernization from the broad Marxist political economy
title_full_unstemmed The interpretation of China’s economic modernization from the broad Marxist political economy
title_short The interpretation of China’s economic modernization from the broad Marxist political economy
title_sort interpretation of china s economic modernization from the broad marxist political economy
topic Broad Marxist political economy
Economic organization
China’s economic modernization
url https://www.emerald.com/insight/content/doi/10.1108/CPE-12-2024-044/full/pdf
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