Wu Jinglian

Wu, Jinglian

Wu Jinglian ( Chinese  吴敬琏 , Pinyin Wú Jìnglián ; born January 24, 1930 in the city of Nanjing in Jiangsu Province ) is a Chinese economist . He is known for his belief that socialism is compatible with a market system. Wu has held various positions since 2006, the most important of which are: Professor of Economics at China Europe International Business School and the Chinese Academy of Social Sciences ; Senior Research Fellow for the Development Research Center of the State Council of the People's Republic of China and a member of the Standing Committee of the People's Political Consultative Conference .

Career

In 1954, Wu graduated from Fudan University with a degree in economics. He later attended the Institute of Economics at the Chinese Academy of Social Sciences. During his long career, in addition to his professorships at Chinese universities, he was visiting scholar and professor at a number of international universities, including Yale University , Massachusetts Institute of Technology (MIT), Duke University , Stanford University and Oxford University .

Wu was criticized during the Cultural Revolution for advocating the doctrine of civil law, which is more simply understood as the principle of equalization after work . He was forced to bring public charges against his teacher Sun Yefang , which he later deeply regretted. He cherished the memory of another victim of political persecution, Gu Zhun , whose intransigence and pioneering attempts to revise the Marxist economy in a market-oriented direction were a source of enlightenment for Wu.

research

Wu is the author of a number of books on China's economic reform. In the 1960s, Wu took part in a research group led by economist Yu Guangyuan to write a textbook on political economy. The first economics textbook printed in China after 1949, the Political Economy Reader , was widespread and played a significant role in later economic reforms.

After calling for China to open up and welcoming WTO accession, Wu was shocked by the effects of rapid growth: corruption, unequal distribution and crony capitalism (more commonly "magnate capitalism" in Chinese). For the past decade, along with Qin Hui , He Qinglian, and other public intellectuals, he has identified social justice as a pressing issue. In 2008, state media in China began calling Wu a spy for the US. The fact that the state newspaper People's Daily was entitled to label him that way suggests that his economic and political ideas are very disruptive to current leadership. Wu pointed out that old-style Maoists have been influencing the government since 2004. These groups are pushing for a return to central planning and blaming the market reforms he advocates for corruption and social inequality. According to Wu, corrupt bureaucrats are pushing for the state to play a greater economic role so that they can take their positions through payouts and bribes, as well as managing deals with allies. Because of these developments, Wu is not optimistic about the future of China, because the Maoists want to go back to central planning and the pals want to get richer . At a seminar in January 2019, Wu warned of the return of state capitalism and the possible consequences.

Works

• Wu, Jinglian, Whither China? , OUP USA, 2016, ISBN 978-0190223151
• Wu, Jinglian, China's Long March Toward A Market Economy , Long River Press Editions, 2005, ISBN 1-59265-063-5
• Wu, Jinglian, Understanding and Interpreting Chinese Economic Reform , Texere, 2004, ISBN 978-1587991974

Web links

Commons : Wu Jinglian (economist)  - collection of pictures, videos and audio files

Individual evidence

1. ↑ 吴敬琏 再次 重申 股市 赌场 论 观点 没有 变 ( zh ) 新浪 财经. Retrieved November 23, 2019.
2. ↑ ^{a b c} Faculty Profile: Wu, Jinglian . Retrieved November 23, 2019. 
3. ↑ David Barboza: China's Mr. Wu Keeps Talking . In: The New York Times , September 26, 2009. Retrieved November 23, 2019. 
4. ^ Frank Tang: Chinese pro-market economist Wu Jinglian warns of 'state capitalism' dangers . In: South China Morning Post , January 21, 2019. Retrieved November 23, 2019. 

Note: This article places the family name before the person's first name. This is the usual order in Chinese. Wu is the family name here, Jinglian is the first name.