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Ignacio Rangel in China and the “New Projectment Economy”
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Keywords

China
New project based-economics
Market socialismo
Socioeconomic formation
Economic theory
Mode of production

How to Cite

JABBOUR, Elias; DANTAS, Alexis. Ignacio Rangel in China and the “New Projectment Economy”. Economia e Sociedade, Campinas, SP, v. 30, n. 2, p. 287–310, 2021. Disponível em: https://periodicos.sbu.unicamp.br/ojs/index.php/ecos/article/view/8666451. Acesso em: 17 jul. 2024.

Abstract

This article aims to demonstrate that the Chinese development process seen in the last four decades can only be explained by a process whose theoretical interpretation capacity, either based on the current orthodox or heterodox approaches, may have already reached its limit. This limitation is due to two objective facts: 1) the transformation of “market socialism” into
a new socioeconomic formation (NSEF), which has accelerated since the 2008 financial crisis. The emergence of this NSEF is the result of successive institutional innovations that made possible the coexistence - in this same formation - of a myriad of modes of production, with the dominant one being that which is spearheaded by the public (socialist) economic sector
and 2) the continuous technical progress observed in Large State-Owned Enterprise conglomerates (LSEC) since the implementation of more proactive industrial policies that resulted in the emergence of new and superior forms of economic planning in China, leading to the resurfacing of the former “Projectment Economy” elaborated by Ignacio Rangel, now
under the banner of the “New Projectment Economy”. In our view, the greatest challenge currently facing the social sciences is understanding this process of change in China’s mode of production and the new theoretical contributions derived from it.

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Copyright (c) 2021 Elias Jabbour, Alexis Dantas

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