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This book is part of a series which makes available to English-speaking audiences the work of the individual Chinese economists who were the architects of China s economic reform. The series provides an inside view of China s economic reform, revealing the thinking of the reformers themselves, unlike many other books on China s economic reform which are written by outside observers.

Yu Guangyuan (1915-) is a famous Chinese philosopher and economist. A member of the Chinese Communist Party from 1937, he has made significant contributions in the fields of Marxist theory and in state...