A Comparative Study Of China’s Economic Reforms And The Keynesian Revolution

The economic system of our society work from a planned economy to marketeconomy, from quantitative allocation of resources to the orderly adjustment of themarket, backward from the closed to the reform and opening up, has made remarkableachievements, all people could see the30-years’ achievements. Particularly since the2008global economic crisis, China’s economy has not affected, still in the sustainabledevelopment of the situation. But we must also see in this prosperity under all sorts ofhidden dangers are exist. Why China’s economic reform is so successful? What is thefurther problem of the economy? How to keep China’s economic healthy, andsustainable? These people are very concerned about the issue, but it has not beencompletely resolved. Keynesianism has made great achievements in resolving thebalance of liberal economic with the national macro-control game, often to save theeconomic distress. Aside the impact of the national political system, Keynesianrevolution works from technology to China’s economic development with profoundinsights, this is also the comparative study’s original intention. The main body of thearticle is divided into three parts, the following are as follows:The first part, the article expounds the common problems of China’s economicreforms and the Keynesian revolution. Both in theory and in fact confirmed that thedefects of the basis of the classical economics, Say’s Law, and further reveals theshortcomings of liberal economic theory, established a national macroeconomicmanagement and free market competition of the combination of economic theory.The second part, the article compares the differences of the Chinese economicreform and the Keynesian revolution. Both differences in the nature, objectives andvitality decided that the study mainly work at the technical level of China’s economicreforms on the theoretical meaning of the Keynesian revolution, Combination of the two theories people should characteristics of the innovation and direction of economicdevelopment.The third part, the article described the distribution of social wealth that mayexist in the future development of China’s economic reform, reform of the politicalsystem lags behind, and the Role of Government. Keynesian theory of revolution mayencounter capitalist ownership and capitalist political system and capitalistgovernments with limited financial and other issues.Conclusion, the article concluded. The great achievements of economic reformshas been supported by the overwhelming majority of people, also enhanced theleader’s confidence in the reform. China’s economic reforms did not present clear-cuttheoretical guidance, in a "trial and error" stage. But "across the river "is not blind,China’s economic reform leaders know what the other side of the river is——Chinesepeople’s living standards improve, the improvement of productivity in China, and theimprovement of China’s comprehensive national. It is in these clear-cut goals underthe guidance, China’s economic reforms have open minds, they abandoned thesurname "capital", the name "Society" debate, absorb the advanced experience of theeconomic development of all mankind, create a Chinese Characteristics. The furtherdevelopment of China’s economic reform will no longer be "feeling the stones", but tosummarize the experience of "crossing the river" concise "across the river" theory.This theory is not only our experience across the river "in the past, but practical guidepeople continue to stride to the other side of the river forward. This theory will be thecontribution to the world economy, and China’s economic reform with Chinesecharacteristics will create a New Marxist political economy.