The Historical Development and Theoretical Evolution of State Capitalism

Driven by the financial crisis and the rise of China, the discussion on state capitalism has been revived. Nonetheless, it focuses heavily on empirical analysis and lacks theoretical elaboration. It also fails to exhibit the dynamics of theoretical development and the transition of major issues. This article examines the literature on state capitalism ranging from the late nineteenth century to the present time and aims to answer the following question: What is the core concept of state capitalism?

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