Social development in market society by intrinsic value account: a case of China

Abstract

If you would like to write for this, or any other Emerald publication, then please use our Emerald for Authors service information about how to choose which publication to write for and submission guidelines are available for all. Please visit www.emeraldinsight.com/authors for more information. About Emerald www.emeraldinsight.comEmerald is a global publisher linking research and practice to the benefit of society. The company manages a portfolio of more than 290 journals and over 2,350 books and book series volumes, as well as providing an extensive range of online products and additional customer resources and services.Emerald is both COUNTER 4 and TRANSFER compliant. The organization is a partner of the Committee on Publication Ethics (COPE) and also works with Portico and the LOCKSS initiative for digital archive preservation. AbstractPurpose -The purpose of this paper is to reargue the great controversies surrounding marketization, by the concept of intrinsic value and to give a panorama of China's marketization and social development during last 30 years. Design/methodology/approach -The concept of intrinsic value is elaborated, and marketization and closely linked concepts such as price, wealth, happiness, freedom, etc. are reargued. An intrinsic value account (IVA) is constructed and the enhancement and weakening of some intrinsic values could be clearly shown. A panorama of China's marketization and social development is exhibited by IVA.

The Open Public Value Account and Comprehensive Social Development: An Assessment of China and the United States

“…Although market failures are still common and public values such as the environment, social justice, and democracy are still lacking, economic achievement has brought it huge benefits and provided it opportunities to launch more reforms to enhance and create other public values (B. Wang, 2012). Strong and stable economic growth has benefited China in numerous respects including education, health, poverty reduction, infrastructure, and so on.…”

“…Numerous private companies have emerged and made significant contributions to the creation of economic value. Although market failures are still common and public values such as the environment, social justice, and democracy are still lacking, economic achievement has brought it huge benefits and provided it opportunities to launch more reforms to enhance and create other public values (B. Wang, 2012).…”