Market and Socialism

JULAN DU London School of Economics, UKCARSTEN HERRMAN-PILLATH Witten University, GermanyLE DANG DOAHN United Nations Development Programme, New York, USADAVID DAOKUI LI Tsinghua University, Beijing and Hong Kong University of Science and Technology, ChinaBARRY NAUGHTON University of California, San Diego, USASTEPHEN PARKER Development Alternatives Inc., Bethesda, Maryland, USALOUIS PUTTERMAN Brown University, USAVO TRI THANH Central Institute for Economic Management, Hanoi, VietnamYIJIANG WANG Carlson School of Management, University of Minnesota, Minneapolis, USA; School of Economics and Management, Tsinghua University, Beijing, ChinaJINGLIAN WU Development Research Centre of the State Council, Beijing, ChinaCHENGGANG XU London School of Economics, UKWEIYING ZHANG Peking University, China

• Introduction; J.Kornai & Y.Qian Socialism and the Market: Conceptual Clarification; J.Kornai 'Market Socialism' and Chinese Economic Reform; J.Wu China's Encounter with Market Socialism: Approaching Managed Capitalism by Indirect Means; L.Putterman Is State Ownership Consistent with a Market Economy: The Chinese Experience; W.Zhang Market Socialism or Capitalism? Evidence from Chinese Financial Market Development; J.Du & C.Xu China's Path-Dependent Transition: Culture Mediating between Market and Socialism; C.Herrman-Pillath Market Economy, Hierarchy and Single Party Rule; B.Naughton Market Economy with Socialist Orientation: The Evolution in Vietnam; D.D.Le Process of Economic Reforms in Vietnam: What Lessons can be Learnt; T.T.Vo Vietnam's Road to International Economic Integration with a Socialist Orientation: Is WTO Accession and Market Socialism Compatible?; S.Parker Market Socialism in China and Vietnam: Why has it Worked, So Far?; D.D.Li & Y.Wang