By Nicholas R. Lardy
Explores the connection among the chinese language peasantry, who're the elemental base of help for the innovative chinese language Communist social gathering, and the state-led economic climate demonstrated by means of the get together after 1949.
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Additional resources for Agriculture in China's Modern Economic Development
To my knowledge, no data that reflect the magnitude of this category of transactions have been published. ) reflects procurement only through the end of February 1981, one month before the end of the grain procurement year. ^Quantities are for the calendar year. In addition to the regular procurements of grain by the state this series appears to include sales of grain in rural periodic markets, direct sales by farmers to city dwellers in urban farmers' markets, state procurement at negotiated prices, and purchases on the market by military units, mass organizations, commune and brigade enterprises, and state organizations other than grain purchase agencies.
Such contingent orders would always be preferred to either form of a single-value target since they could always be designed to duplicate the competitive market outcome (Yohe 1977, 214-15). The choice of single-value control depends on the relative (absolute) slopes of the marginal social benefit and marginal social cost curves. When the marginal cost curve is steeper the use of price controls is preferred because the area ECD will exceed ABE, indicating that the social welfare loss under price control is less than the loss would be under the quantity control.
Rapid output growth is accompanied by increased specialization in production along lines of regional and local comparative advantage and by rising rates of public and private marketing of farm products. The second approach to agricultural planning, which the Chinese refer to as direct planning (chih-chieh chi-hua) or production planning (sheng-chan chi-hua), is essentially planning of total farm output in quantity terms. That was first attempted in 1956, again during the Great Leap Forward (1958-60), and prevailed during 1966-77.
Agriculture in China's Modern Economic Development by Nicholas R. Lardy