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Publication date: 5 December 2024

Di Xie and Ying Rong

Ground rent has been playing a vital role in China’s economic and social development, which has a clear practical logic. It is also necessary…

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Abstract

Purpose

Ground rent has been playing a vital role in China’s economic and social development, which has a clear practical logic. It is also necessary to present the historical inevitability and institutional mechanisms that realize this role of ground rent concerning its theoretical and historical logic.

Design/methodology/approach

This paper draws on the theories of the French regulation school and the social structure of accumulation theory to establish a preliminary analytical framework. This paper explores the process of ground rent formation under certain land institutional arrangements, as well as the association between the capital accumulation system, the distribution regulation mechanism and relevant stakeholder relationships. From the perspective of historical materialism, the paper examines the functions of ground rent in feudal and capitalist societies and their mapping association between the capital accumulation system, distribution regulation mechanism and stakeholders. This paper further investigates the inevitable trends in the evolution of different social systems from the perspective of rent. Additionally, based on Marx’s view on ground rent under socialism, the paper elucidates the formation, types of rent and its engagement in social production under the conditions of China’s socialist market economy, identifying the inherent value orientation and distinct institutional advantages.

Findings

Although considerable research has explored the reasons for the existence, categories and functions of rent in a socialist market economy, there is a relatively insufficient examination of its historical evolution and how it influences real-world economic dynamics. Existing studies have primarily focused on agricultural rent, lacking an in-depth analysis that puts the behaviors of landowners, land operators and laborers in fundamental contexts.

Originality/value

As China enters a new stage of development, it is imperative to improve the public ownership of land from a new historical starting point, encourage the rational use of ground rent leverage, and establish and enhance the capital accumulation system, the distribution regulation mechanism and relevant stakeholder relationships, enabling their more harmonious alignment with the socialist market economy. The following effort should be made to ensure that such actions will be put into place.

Details

China Political Economy, vol. 7 no. 2
Type: Research Article
ISSN: 2516-1652

Keywords

Available. Open Access. Open Access
Article
Publication date: 12 November 2024

Hai-xi Jiang and Nan-ping Jiang

A more accurate comprehension of data elements and the exploration of new laws governing contemporary data in both theoretical and practical domains…

82

Abstract

Purpose

A more accurate comprehension of data elements and the exploration of new laws governing contemporary data in both theoretical and practical domains constitute a significant research topic.

Design/methodology/approach

Based on the perspective of evolutionary economics, this paper re-examines economic history and existing literature to study the following: changes in the “connotation of production factors” in economics caused by the evolution of production factors; the economic paradoxes formed by data in the context of social production processes and business models, which traditional theoretical frameworks fail to solve; the disruptive innovation of classical theory of value by multiple theories of value determination and the conflicts between the data market monopoly as well as the resulting distribution of value and the real economic society. The research indicates that contemporary advancements in data have catalyzed transformative innovation within the field of economics.

Findings

The research indicates that contemporary advancements in data have catalyzed disruptive innovation in the field of economics.

Originality/value

This paper, grounded in academic research, identifies four novel issues arising from contemporary data that cannot be adequately addressed within the confines of the classical economic theoretical framework.

Details

China Political Economy, vol. 7 no. 2
Type: Research Article
ISSN: 2516-1652

Keywords

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