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Affiliation(s)

Zhejiang Normal University, Jinhua, China

ABSTRACT

Error-tolerantism developed from liberalism holds that national development generally considers four fundamental concepts, trial and error costs, trial and error competences, trial and error directions, and rights to be wrong. China’s rise is that state-owned enterprises basically bear trial and error costs of capital intensive industries, overcoming neoliberal defects; private companies mainly bear those of labor intensive industries, and foster new markets for capital intensive industries, learning neoliberal advantages. The Government develops economy through special economic zones for limited trial and error costs; good relations maintain between Chinese higher education and foreign scientific centers of the Soviet Union, Europe, the United States, etc., and can help China improve trial and error competences. Privatization of small state-owned enterprises solves waste and inefficiency, and also participates in global competition to recover trial and error costs. The error-tolerant market economy based on error-tolerantism emphasizes that the powers to be wrong of entrepreneurs or financial units are empowered by the people, so they should benefit the people by reasonable redistribution. Error-tolerantism regards that China’s rise has developed List’s standard model to List-Afa’s error-tolerant model.

KEYWORDS

China model, Beijing Consensus, Washington Consensus, neoliberalism, error-tolerantism

Cite this paper

ZHOU Zhifa, JIAO Shoulu, & LUO Xingsha. (2022). Logic of China’s Rise: From List’s Model to List-Afa’s Error-Tolerant Model. Philosophy Study, August 2022, Vol. 12, No. 8, 443-458.

References

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