Economic Performance, Wage Patterns and the Chinese Revolution

A Review of Three Books on the Economy of the People's Republic of China

by K. C. Yeh

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Reviews three books on Chinese economic development that differ markedly in methodology, substance, and style: (1) a compendium of ten papers submitted to the Joint Economic Committee of Congress, (2) Christopher Howe, Wage Patterns and Wage Policy in Modern China, 1910-1972, and (3) Eric Axilrod, The Political Economy of the Chinese Revolution. Of the JEC compendium, the reviewer feels that each paper is a major contribution, and together they form by far the best study of the current state of the Chinese economy. He would recommend it to all serious scholars and intelligent laymen, Howe's book to the professionals, and Axilrod's only to those well enough informed to avoid the pitfalls of its shortcomings. (Prepared at the request of USIS journal, Problems of Communism.)

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