World Review of Political Economy

Articles from Vol. 5, No. 4, Winter

Acceptance Speech for World Marxian Economics Award (I)
May 24, 2014I am honored to receive the World Marxian Economics Award from the World Association for Political Economy.Marxist economics has two aims, as Marx noted: to understand the world and to contribute to changing it. Indeed, if we wish to create...
Acceptance Speech for World Marxian Economics Award (Ii)
May 24, 2014It is a great honor to receive the World Marxian Economics Award in 2014, which encourages me and warms me.In October 1935, I was born in Rugao County, Jiangsu Province. My father worked as a clerk. In such a family, I grew with books. When...
A Review of the Ninth Forum of World Association for Political Economy
The World Association for Political Economy (WAPE) is an international academic organization founded by Marxian economists and related groups around the world. The mission of WAPE is to utilize modern Marxian economics to analyze and study the world...
A Way to Improve Quantitative Easing through the Implementation of a Commodity Reserve
1. IntroductionQuantitative easing (hereafter referred to as QE) mainly refers to a method of macroeconomic intervention which increases the monetary base and injects high liquidity into the market through the purchase of Treasury bonds and other medium-...
Comparing the Economic Growth of China and India: Current Situation, Problems, and Prospects
In the early stages following the foundation of the People's Republic of China (PRC ), the national economy of China and India were at similar levels. In 1950, India's gross national product (GNP) was 49.5% higher than that of China, and as for the per...
Economic Democracy through Collective Capital Formation: The Cases of Germany and Sweden, and Strate Gies for the Future
IntroductionThe global economic crisis of 2008-2009, whose effects are still being felt around the world, including the ongoing European debt crisis, once again exposed fundamental flaws in the capitalist system and highlighted the need to ask basic...
Establishing the "Gross Domestic Product of Welfare ": A Major Revision of GDP for a Better Accounting System
1. Being "People Centered" Is the Value Orientation of Scientific DevelopmentThe traditional view of development is materialist. It aims only at economic growth, reducing social development to economic development and economic development to economic...
Growth, Development, and Social Justice: A Statement of the Ninth Forum of the World Association for Political Economy
May 25, 2014Economic growth is generally measured by the rate of increase in gross domestic product (GDP) at the national or global level. Increases in GDP are still important for developing countries. In striving for expanded GDP since the 20th century,...
Mao Zedong and the Independent and Comprehensive Industrial System and the Modernization of New China
In the last 300 years, the developed countries constituted less than 20% of the countries in the world, and the chances for developing countries growing into developed countries were only 5% (He 2011). This limited chance has called wide attention to...
PEIXIN YANG'S ECONOMIC THOUGHT AND ITS OUTCOMES IN THE 1980s, EARLY IN CHINA'S REFORM, AND CHINA'S REFORM MIRACLE
A Short Introduction to Mr Peixin YangPeixin Yang was born in the small town of Baihou in Guangdong Province. He joined the Communist Party of China (CPC) in 1938 when studying in Wuchang's Zhonghua University. In 1943, he worked as a progressive journalist...
Winners of World Marxian Economics Award (2014)
The World Marxian Economic Award 2014 was granted to David M. Kotz and Yuanpeng HongDavid M. Kotz is Professor of Economics at the University of Massachusetts Amherst, USA. His research and publications contribute mainly to three categories: (1) transitions...
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