Post-Keynesian Economics in China: A Historical Review and Contemporary Assessment

Although Keynes was already known in China in the 1930s, the term post-Keynesian entered the view of Chinese scholars only in the early 1980s through a translated introductory paper written by a Soviet economist based on Eichner and Kregel (1975). Since post-Keynesian economics is attracting a growing number of scholars, it makes sense to trace the spread of this school of thought from 1936 to the present day. This transmission process is examined in relation to significant events, number of publications, different strands and important themes. Contemporary Chinese post-Keynesian researchers and their characteristics are also introduced. This article argues that the transmission and development of post-Keynesianism in China is underpinned by the shared economic philosophy, main ideas and policy proposals, which will further enhance effective communication and foster mutual success in the future.