Socialist Market Economy

After the collapse of the European model of communism in 1989–1991, the interest of many Marxist economists and thinkers turned exclusively to the model of communism of the East. The economic choices of Vietnam and of China came to the focus of the estimation of scientists on the subject of the ways of the Eastern communist countries which would guide to socialism. It was naturally an interest of supreme value, given the fact that economy constitutes the fundamental element of development of a communist country so that it could reach an upgraded social level. The present narrative describes the experience of scientists, during the first decade of the 21st century, coming from the United States, Greece and some other countries who came to close contact with the evolutions of the framework of the Socialist Market Economy and with the evolution of the scientific thought of the person who was the mastermind of the relevant economic approach in China, Professor Cheng Enfu.