Title: The Chinese Economic System under Central Planning: Reviews and Evaluations
Lecturer: Katsuji Nakagane (Professor Emeritus at the University of Tokyo; Research Fellow at the Oriental Library)
Date: 3 pm, March 20th, 2019 (Wednesday)
Venue: Room 5303, Building of School of Humanities, Minhang Campus, ECNU
Sponsor: Si-mian Institute for Advanced Studies in Humanities, ECNU
Abstract of the Lecture:
The economic system during the Mao era is called “centrally planned”. How was it functioning in reality and how should it be evaluated from the today’s point of view? We find that there are several reasons why China had to change its economic system from planning to market after it started the reforms and opening-up policy. We discuss the fundamental shortcomings inherent in the previous planning system and talk about the essential dynamics brought about by the present market mechanism. China’ marketization policy employed since 1978 in our view, was a necessary and indispensable choice for its economic development.
Brief Introduction of the Lecturer:
Katsuji Nakagane, born in 1942 in Hokkaido, Japan. Graduated from the University of Tokyo in 1964. Research fellow at the Institute of Developing Economies from 1964 to 1978, associate professor at Hitotsubashi University from 1978 to 1982, full professor at Hitotsubashi from 1982 to 1990, at the University of Tokyo from 1990 to 2003, at Aoyama Gakuin University from 2003 to 2010. Now professor emeritus at the University of Tokyo and research fellow at the Oriental Library. Main publications: The Chinese Economy, the University of Tokyo Press 1992; The Political Economy of Transition, Nagoya University Press 2010; Contemporary China and Development Economics, Nagoya University Press 2012, etc.