Citation:
Shao’an HUANG. Major Economic Theory Innovations afterChina’s Reform and Opening-up[J]. Academic Monthly, 2019, 51(3): 39-47.
Major Economic Theory Innovations afterChina’s Reform and Opening-up
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Abstract
Based on the criterion of " having a great impact on the existing economic theories (falsification or re-recognition), and having a great impact on China or the reality of the world economy”, this paper holds that since China’s reform and opening-up, the great contributions Chinese economists have made to economic science are that they proposed and have demonstrated " three important theoretical hypotheses”: Firstly, the unity or combination of socialist public ownership and market economic system. The second is the hypothesis of gradual transition of economic system, and the third is the hypothesis of " separating rural land ownership rights, contract rights and management rights”. This paper also explains why these " three hypotheses” are important economic theory innovations.
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