Probably the most fundamental relationship in human history is that of the
Market versus the Oikos (= the authoritarian ruled house, family, household or the State). Its main features and elements are analysed and newly defined as are its relations with town–country antagonisms or capitalism, nation, race, religion, and so on. Because it concerns a rather universal relationship, the definitions of the relevant elements are developed over time (from ancient Greeks to Nazi contexts) and place (in the West and the East, particularly China). Max Weber is chosen as our “sparring partner,” starting with his popular analysis of the relationship of capitalism and religion in the West and of Chinese society in the East
From Accelerated Accumulation to Socialist Market Economy in China, Kjeld Erik Brødsgaard and Koen Rutten examine China’s indigenous economic discourse and its relation to both economic policy-making and the overall trajectory of development from the First Five Year Plan in 1953 to 2016. In so doing, this volume demonstrates that although the form of the current economic system and its theoretical underpinnings bear scant resemblance to those of the planned economy, economic policy-making still relies on the principle of accelerated accumulation, which lay at the heart of the economic development project in the early years of the People’s Republic.
History of Korean Modern Retailing Jong-Hyun Yi shows how the Korean retail industry has developed since the 1970s, focusing on the relationship among government, consumers and retail companies, especially the department store. While generally it is said that underdevelopment of the Korean retail industry in the 1970s was attributed to economic immaturity, he argues it was artificially formed by strong consumption repression by the government. He also examines how consumption repression contributed to economic growth. Such initial condition in developmental period is a crucial factor to explain other distinctions like explosive growth and remarkably short heyday of the department store afterward.
With this, Jong-Hyun Yi traces the correlation between economic growth and stratification of the consumption since the 1970s. He proves that equality or inequality of consumption is a more influential factor for economic growth than that of income.