ABSTRACT

This chapter examines the evolution of Chinese economics education, from 2000 to the present. It analyzes the internal and external forces that led China to replace Marxist with neoclassical economic theories in its university curriculum, its journal editorial policies, and its research support. Until many foreign educated economists returned to China, Western educated economists lacked the strong social networks necessary for professional advancement in China. Neoclassical approaches comprise the backdrop for many business-oriented conferences in China on topics like innovation or privatization. In many ways, the mathematics of neoclassical economics and general equilibrium theory has served as a Trojan horse for the popularization of "free-market" subtexts in China. The chapter provides the status of heterodox economics in China since 1900, and then concentrates on the post 2000 period. Post Keynesian (PK) economics is the most active heterodox paradigm in China. This may be because it actively combines all four stimuli for interest in heterodox economics.