Several Thoughts On Building The Chinese Economics School

By the end of 1970s, China has stepped into a new era of reform and opening up. We have encountered many new problems while building the socialism with Chinese characteristics and improving the market economy regime of socialism, some of which are never came across and too difficult to solve during the economic development in other countries in the world. Those problems, caused by the reform and opening up, have offered practical chances to the study and development of economic theory. Furthermore, the economic development lasting over 20 years has also provided opportunities for the progress of the scientists in themselves, who have made great achievements in exploring the reform of the economic regime as well as researching on the economic theory. Thus have they made magnitude contribution to enrich the economic theory in the new circumstances. Both the old and young economists in China constitute the core part in the field of the economic theory as well as a new branch of Chinese economic school in the field of the international economic theory. Both domestic and foreign economists have made good comment on the rapid and steady economic development in China. However, whether the Chinese economy needs its own theory or not has not been decided yet. In 1995, the dispute of paradigm among Cui Zhiyuan, Wu Yifeng and Fan Gang made the research on the Chinese economic theory become an hot issue in recent 10 years in the economic field. A series of questions like whether to build the economic theory or not, necessary to build such theory or not, what kind of the theory to be built and how are included. It is obvious that there are many differences in the understanding of the Chinese economic theory. Therefore, I would like to provide some thoughts of my own to define what is the Chinese economics school and how to build it through the line of the economic reform in history.