Since its implementation of economic reforms and open door policy, China has rapidly transformed itself from a socialist planned economy to socialist market economy. Guangzhou and Shanzhen are earmarked as the pioneering and experimental cities within the network of cities in Pearl River Delta Region in implementing various market reform measures. Taking advantage of its close proximity with Ho...

In the early twentieth century, a range of writers produced visions of a socialist economy whose distinguishing characteristic was an allocation of resources using a ‘technical’ perspective. In the 1930s, Oskar Lange took up the challenge of Ludwig von Mises’ claim of the ‘impossibility’ of constructing a socialist economy on such an engineering basis. He readily acceded to the need for efficie...

In a series of recent writings we have sought to re-open a debate over the economics of socialism. We have argued that the collapse of the Soviet system does not necessitate the conclusion that all forms of socialist economy are doomed to inefficiency. Updating and extending a line of reasoning found in Lange (1967) and Johansen (1977),1 we have claimed that modern information technology permit...

Dr. Schultz, former head of Plastic Surgery, and now Emeritus Professor at The University of Illinois (CA), has written a memoir of his 37 years of a rather colorful career advancing modern concepts in reconstructive plastic surgery, (i.e., new concepts in post traumatic facial reconstruction, cleft palate repair, etc.) around the world. These activities often put him in disadvantaged African, ...

Karl Marx’s philosophical, political and sociological analysis of the workings of capitalism provides insights regarding the character of monetary value (price) and the role of the market that are relevant to ecological economists. Ecological economists are divided over the utility of pricing components of ecological systems and the potential role of the market in achieving ecologically sustain...

Much research has linked an increase in adult mortality with the socioeconomic transition of former European socialist societies after 1989. Few studies examine corresponding experiences in China, however. Using the death certificates of Shanghai residents, we examined any such sudden mortality change and crisis when China went through economic transformation. We explored trends in life expecta...