Whither Economic Studies in China?

Abstract In socialist China today, neoliberal economics has actually come to wield institutionalized hegemonic power in academic evaluations of economic studies, while in neoliberal America, there is actually considerably more pluralism in the practice of academic evaluations of economic studies. The origins of this state of affairs lie not in just a simple matter of ideology or policy choices, but rather in different tendencies in the actual practices of two different systems of governance. While China leans strongly toward centralized bureaucratism, along with scientism and numericalism, the U.S. leans more toward multi-centered pluralistic practices. What scholarship needs is pluralistic contentions for sustained long-term development.