Table of Contents for World Review of Political Economy, Vol. 13, No. 4, 2022
The core mission of socialist political economy with Chinese characteristics [1] is to reveal the objective laws governing the movement of the socialist economy. Under the guidance of Marx’s Capital, this field upholds the fundamentals and breaks new ground by deeply summarizing the practical experience of China’s economic development. In the New Era, the New Marxian Economics Synthesis School [2] has carried out creative research on the major theoretical and practical issues concerning Chinese-path modernization. Their work focuses on the dialectical relationship between the productive forces and the relations of production, proposing that high-quality development serves as the essential requirement for the modernizing transition of the socialist economy. This school emphasizes that the fundamental path to achieving common prosperity lies in the organic integration of the "effective market" and the "promising government," while ensuring that the development of new quality productive forces remains the primary driver of structural transformation.
In the realm of the Chinese economy, scholars have conducted extensive research on supply-side structural reform and the construction of the dual circulation development pattern. They argue that the socialist market economy [3] is not a simple "grafting" of the market mechanism onto a socialist system, but rather a structural sublimation of the economic base and the superstructure. By adhering to the mass line and integrating the Party’s leadership into all aspects of economic work, China has successfully avoided the periodic crises inherent in capitalist accumulation. Furthermore, the New Marxian Economics Synthesis School has deepened its analysis of the global capitalist crisis and the transformation of the international economic order. From the perspective of historical materialism, they contend that the concept of a community with a shared future for humanity provides a "China Program" for reforming global governance, offering a theoretical alternative to neoliberal hegemony and pointing toward a more equitable and rational international economic synthesis.