An answer from Marxist economics to Weber's hypothesis about China: a concurrent discussion of the direction of rural reform in China. Issue 1 (8th July 2020)

• Record Type: Journal Article
• Authors: Yang, Jiguo
• Is Part Of: China political economy. Volume 3:Issue 1(2020)
• Page Start: 161
• Page End: 173
• Publication Date: 2020-07-08
• Subjects: Weber's hypothesis about China -- An answer from Marxist economics -- Commodity of work force -- The direction of rural reform -- Collective ownership; China -- Economic policy -- Periodicals; China -- Economic conditions -- Periodicals; China -- Politics and government -- Periodicals; 338.951
• DOI: 10.1108/CPE-06-2020-0012
• Languages: English
• ISSNs: 2516-1652

Abstract

Abstract : Purpose: Weber's hypothesis about China is the hypothesis forwarded by Weber that why capitalist production did not appear in eastern countries such as China in the first place. Weber considered that the reason may be Chinese Confucianism and Taoism lack protestant ethic like Western countries. Design/methodology/approach: The clarification has aroused wide discussion, meanwhile, East Asian capitalism belonging to the Chinese cultural circle has successfully refuted Weber's proposition. Chinese scholars have a broad debate around this topic while no agreement has been reached. This paper tries to explain Weber's hypothesis by Marx's theory of capital origin, which can be explained that the landlord economy caused by China's federal society under centralism leads to the result that the commodity of labor cannot exist in that environment. Findings: The answer from Marxist economics has not only solved an enormous theoretical problem, but also it has vital practical significance. It easily clarifies the fact that the commodity of labor in full sense still cannot emerge in China nowadays, which is an important reason causing China to enter the New Normal and New Era. Originality/value: Therefore, it leaves China the only way of the socialist road with Chinese characteristics and revitalizing China's rural economy, which means China can only promote rural industrialization and urbanization under the principle of adhering to rural collective ownership, while implementing various forms of integrated agricultural and industrial business models based on local conditions.