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Abstract
For many years most capitalist-oriented observers of China's economic process emphasized its “irrationality.” We were told that over-emphasis on mass mobilization, and political and ideological goals created serious costs for the economic sector which should have an effect on specialization, technical expertise, gradualness for the sake of societal stability, etc. If any proof was needed of this position we were directed to the “dislocations” of the Cultural Revolution and especially the Great Leap Forward.