Between Politics and Markets examines how the decline of central planning in post-Mao China was related to the rise of two markets--an economic market for the exchange of products and factors, and a political market for the diversion to private interests of state assets and authorities. Lin reveals their concurrent development through an account of how industrial firms competed their way out of the plan through exchange relations with one another and with state agents.

Between Politics and Markets examines how the decline of central planning in post-Mao China was related to the rise of two markets--an economic market for the exchange of products and factors, and a political market for the diversion to private interests of state assets and authorities. Lin reveals their concurrent development through an account of how industrial firms competed their way out of the plan through exchange relations with one another and with state agents.