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Cover -- Half Title -- Title Page -- Copyright Page -- FOREWORD -- PREFACE -- TABLE OF CONTENTS -- Part I. SOURCES, TYPES, AND USES OF DATA -- 1. AREA AND POPULATION -- Area -- Population -- 2. NATIONAL INCOME -- Concepts of National Income -- Methods of Estimation -- National Income Statistics -- 3. CAPITAL FORMATION AND RELATED ESTIMATES -- Fixed Assets -- Industrial and Commercial Capital -- Accumulation -- Basic Construction Investment -- 4. INDUSTRY -- Concept and Classifications of Industry -- Sources of Industrial Statistics -- Types of Industrial Data -- 5. AGRICULTURE -- Sources of Agricultural Data -- Types of Agricultural Data -- 6. TRANSPORTATION, POST, AND TELE-COMMUNICATIONS -- Transportation -- Post and Tele-communications -- 7. TRADE -- Domestic Trade -- Foreign Trade -- 8. PRICES -- Categories of Prices -- Determination of Prices -- Price Indices -- Statistical Data on Prices -- 9. LIVING STANDARDS -- Types and Sources of Data on Living Standards -- Statistical Data on Living Standards -- 10. PUBLIC FINANCE, CREDIT, AND FOREIGN EXCHANGE RATES -- Public Finance -- Credit and Foreign Exchange Rates -- 11. EMPLOYMENT, LABOR PRODUCTIVITY, AND WAGES -- Types and Sources of Labor Statistics -- Workers and Employees -- Labor Productivity -- Wages -- Part 11. STATISTICAL DATA AND SOURCES -- Tables -- Bibliography (Text and Tables) -- List of Abbreviations (Text and Tables) -- Index to the Text -- Index to the Tables

The theory of price formation has been vigorously discussed in Communist China since 1953, but the main themes of the discussion have varied. Generally speaking, the discussion may be conveniently divided into two periods. The first period covers the years prior to 1960, during which there were a large number of articles dealing with the role of the "law of value" in socialist planning and the problem of price formation for producer goods transferred within the state sector. The discussion was partly a result of Stalin's publication ofEconomic Problems of Socialism in the U.S.S.R.A number of Chinese economists disagreed with Stalin's assertion that the law of value and the concept of commodity production and exchange did not apply to the state sector.

"Over sixty years have elapsed since the Communists gained control of the Chinese mainland. The years between 1949 and 1969 were a time of constant change and periodic cataclysm-the initial purges, the Great Leap Forward, and the Cultural Revolution-all bound up with the Communist conception of how to move the country into modernity in the shortest possible time. The Chinese Economy under Maoism summarizes and evaluates the economic consequences of the Communist path to development in a concise, factual presentation that can be readily comprehended by non-economists. The authors review the major features of the Chinese economy prior to the Communist takeover and discuss the policies, performance, and problems of the individual sectors of the Chinese economy during its initial years under Communism. Included in their review are industry, agriculture, foreign trade, resource allocation, population, employment, and living standards. A concluding chapter summarizes Chinese economic growth and presents a discussion of future policy alternatives and an optimum economic policy for China. Based on important findings of Western scholars, with many original interpretations by the authors, this material is presented from a developmental point of view. Since it was originally published in 1972, sections of the book devoted to comparative studies of progress in India and the former Soviet regime will be of particular interest now. Free of technical language and providing insights into the economy of one of the most important countries in the world, this book will be useful not only to economists but to a broad range of sinologists, political scientists, sociologists, and historians interested in the path of revolution."--Provided by publisher.