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Commanding Heights Of The Economy
In Marxian economics, the commanding heights of the economy are certain strategically important economic sectors. Some examples of industries considered to be part of the commanding heights include public utilities, natural resources, and sectors relating to both foreign trade and domestic trade. History This phrase emerged from a branch of modern political philosophy concerned with organising society. According to Yevgeni Preobrazhensky, a Bolshevik economist, control over the commanding heights of the economy would ensure primitive socialist accumulation. The phrase can be traced back to Vladimir Lenin's defense of the New Economic Policy (NEP), which saw market-oriented reforms while the state retained control of the commanding heights. Lenin used the military metaphor to justify NEP, proposing that free markets could be permitted so as long as the government retained control of certain commanding heights like heavy industry and transport. Specific national contex ...
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Marxian Economics
Marxian economics, or the Marxian school of economics, is a heterodox school of political economic thought. Its foundations can be traced back to Karl Marx's critique of political economy. However, unlike critics of political economy, Marxian economists tend to accept the concept of the economy prima facie. Marxian economics comprises several different theories and includes multiple schools of thought, which are sometimes opposed to each other; in many cases Marxian analysis is used to complement, or to supplement, other economic approaches. An example can be found in the works of Soviet economists like Lev Gatovsky, who sought to apply Marxist economic theory to the objectives, needs, and political conditions of the socialist construction in the Soviet Union, contributing to the development of Soviet political economy. Marxian economics concerns itself variously with the analysis of crisis in capitalism, the role and distribution of the surplus product and surplus value in ...
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Jiang Zemin
Jiang Zemin (17 August 1926 – 30 November 2022) was a Chinese politician who served as General Secretary of the Chinese Communist Party, general secretary of the Chinese Communist Party (CCP) from 1989 to 2002, as Chairman of the Central Military Commission (China), chairman of the Central Military Commission (China), Central Military Commission from 1989 to 2004, and as president of China from 1993 to 2003. Jiang was the fourth paramount leader of History of the People's Republic of China (1989–2002), China from 1989 to 2002. He was the Leadership core, core leader of the Generations of Chinese leadership, third generation of Chinese leadership, one of four core leaders alongside Mao Zedong, Deng Xiaoping, and Xi Jinping. Born in Yangzhou, Jiangsu, Jiang joined the CCP while he was in college. After the establishment of the People's Republic of China in 1949, he received training at the ZiL, Stalin Automobile Works in Moscow in the 1950s, later returning to Shanghai in 196 ...
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Health Economics
Health economics is a branch of economics concerned with issues related to Health care efficiency, efficiency, effectiveness, value and behavior in the production and consumption of health and healthcare. Health economics is important in determining how to improve health outcomes and lifestyle patterns through interactions between individuals, healthcare providers and clinical settings. Health economists study the functioning of healthcare systems and health-affecting behaviors such as smoking, diabetes, and obesity. One of the biggest difficulties regarding healthcare economics is that it does not follow normal rules for economics. Price and quality are often hidden by the third-party payer system of insurance companies and employers. Additionally, Quality-adjusted life year, QALYs (Quality Adjusted Life Years), one of the most commonly used measurements for treatments, is very difficult to measure and relies upon assumptions that are often unreasonable. A seminal 1963 arti ...
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Arnold Kling
Arnold Kling (born 1954) is an American economist, scholar, and blogger known for his writings on EconLog, an economics blog, along with Bryan Caplan and David R. Henderson. Kling also has his own blog, askblog, which carries the motto: "taking the most charitable views of those who disagree." The "ask" in askblog stands for "Arnold S. Kling." He is an Adjunct Scholar for the Cato Institute and is affiliated with the Mercatus Center. Kling graduated from Swarthmore College in 1975 and received a Ph.D. in economics from Massachusetts Institute of Technology. He worked as an economist in the Federal Reserve System from 1980 to 1986. He served as a senior economist at Federal Home Loan Mortgage Corporation (Freddie Mac) from 1986 to 1994. He started, developed, and sold homefair.com between 1994 and 1999. He teaches statistics and economics at the Berman Hebrew Academy in Rockville, Maryland. In 2004 and 2005, he taught "Economics for the Citizen" at George Mason University in Fa ...
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Service Economies
Service economy can refer to one or both of two recent economic developments: * The increased importance of the service sector in industrialized economies. The current list of Fortune 500 companies contains more service companies and fewer manufacturers than in previous decades. * The relative importance of service in a product offering. The service economy in developing countries is mostly concentrated in financial services, hospitality, retail, health, human services, information technology and education. Products today have a higher service component than in previous decades. In the management literature this is referred to as the servitization of products or a product-service system. Virtually every product today has a service component to it. The old dichotomy between product and service has been replaced by a Service (economics) service–product continuu Many product (business), products are being transformed into services. For example, IBM treats its business as a se ...
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Jawaharlal Nehru
Jawaharlal Nehru (14 November 1889 – 27 May 1964) was an Indian anti-colonial nationalist, secular humanist, social democrat, and statesman who was a central figure in India during the middle of the 20th century. Nehru was a principal leader of the Indian nationalist movement in the 1930s and 1940s. Upon India's independence in 1947, he served as the country's first prime minister for 16 years. Nehru promoted parliamentary democracy, secularism, and science and technology during the 1950s, powerfully influencing India's arc as a modern nation. In international affairs, he steered India clear of the two blocs of the Cold War. A well-regarded author, he wrote books such as '' Letters from a Father to His Daughter'' (1929), '' An Autobiography'' (1936) and '' The Discovery of India'' (1946), that have been read around the world. The son of Motilal Nehru, a prominent lawyer and Indian nationalist, Jawaharlal Nehru was educated in England—at Harrow School and T ...
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Five-Year Plans Of India
The Five-Year Plans of India were a series of national development programmes implemented by the Government of India from 1951 to 2017. Inspired by the Soviet model, these plans aimed to promote balanced economic growth, reduce poverty and modernise key sectors such as agriculture, industry, infrastructure and education. The Planning Commission, chaired ex-officio by the prime minister, conceptualised and monitored the plans until its replacement by the NITI Aayog (National Institution for Transforming India) in 2015. The plans evolved to address changing developmental priorities, introducing innovations like the Gadgil formula in 1969 for transparent resource allocation to states. While the five-year plans significantly shaped India's economic trajectory, they were discontinued in 2017, transitioning to a more flexible framework under the NITI Aayog. History Five-Year Plans (FYPs) are centralized and integrated national socio-economic programs. Joseph Stalin implemented ...
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Project 211
Project 211 ( zh, c=, links=no, s=211工程) was a higher education development and sponsorship scheme of the government of China for "preparing approximately 100 universities for the 21st century", initiated in November 1995. There were 115 universities and colleges selected to be part of this program. Project 211 and Project 985 were both initiated by the Jiang Zemin administration in 1990s. They were nullified in 2016 and replaced by the Double First-Class Construction in 2017, under the Xi Jinping general secretaryship. Etymology Project 211 was a project of developing comprehensive universities and colleges initiated in 1995 by the then National Education Commission of China, with the intent of raising the research standards of comprehensive universities and cultivating strategies for socio-economic development. The name for the project comes from an abbreviation of the slogan "In preparation for the 21st century, successfully running 100 higher education institutio ...
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Project 985
Project 985 () was a higher education development and sponsorship scheme of the Chinese central government for creating world-class higher education institutions, initiated in May 1998. There were 39 universities selected to be part of this program, which are mostly considered top-tier institutions in mainland China. Project 211 and Project 985 were both initiated by the Jiang Zemin Jiang Zemin (17 August 1926 – 30 November 2022) was a Chinese politician who served as General Secretary of the Chinese Communist Party, general secretary of the Chinese Communist Party (CCP) from 1989 to 2002, as Chairman of the Central Mil ... Administration in 1990s. They were nullified in 2016 and replaced by the Double First-Class Construction in 2017, under the Xi Jinping general secretaryship. History On May 4, 1998, Jiang Zemin stated at the 100th anniversary of Peking University that, "in order to achieve modernization, our country must have several first-class universitie ...
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Chinese Communist Party
The Communist Party of China (CPC), also translated into English as Chinese Communist Party (CCP), is the founding and One-party state, sole ruling party of the People's Republic of China (PRC). Founded in 1921, the CCP emerged victorious in the Chinese Civil War against the Kuomintang and Proclamation of the People's Republic of China, proclaimed the establishment of the PRC under the leadership of Mao Zedong in October 1949. Since then, the CCP has governed China and has had sole control over the People's Liberation Army (PLA). , the CCP has more than 99 million members, making it the List of largest political parties, second largest political party by membership in the world. In 1921, Chen Duxiu and Li Dazhao led the founding of the CCP with the help of the Far Eastern Bureau of the Communist Party of the Soviet Union, Russian Communist Party (Bolsheviks) and Far Eastern Bureau of the Communist International. Although the CCP aligned with the Kuomintang (KMT) during its initia ...
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Higher Education In China
In 2023, the university enrollment rate in the People's Republic of China was 60.2% according to country's Ministry of Education, representing 47 million mainland Chinese students enrolled in 4-year university and college degree programs in some 3,074 Chinese tertiary institutions. Entry into universities is intended to be meritocratic, depending only on the result of the Gaokao entrance examination. Entry is not influenced or determined by sporting activities, extracurricular programs, donations, or alumni parents and siblings. Chinese education authorities have emphasized meritocracy as a social equalizer. Usually, 12 years of formal education is the one prerequisite for entry into an undergraduate degree. Near the end of the twentieth century, the Chinese government attempted numerous reform measures aimed at strengthening higher education in China; these included Project 211 and Project 985. Later, in 2014, the General Office of the Chinese Communist Party and State Council ...
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Socialism With Chinese Characteristics
Socialism with Chinese characteristics (; ) is a set of political theories and policies of the Chinese Communist Party (CCP) that are seen by their proponents as representing Marxism adapted to Chinese circumstances. The term was first established by Deng Xiaoping in 1982 and was largely associated with Deng's overall program of adopting elements of market economics as a means to foster growth using foreign direct investment and to increase productivity (especially in the countryside where 80% of China's population lived) while the CCP retained both its formal commitment to achieve communism and its monopoly on political power. In the party's official narrative, socialism with Chinese characteristics is Marxism adapted to Chinese conditions and a product of scientific socialism. The theory stipulated that China was in the primary stage of socialism due to its relatively low level of material wealth and needed to engage in economic growth before it pursued a more egalitari ...
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