The Fundamental Theory of Classic Economics and the Modernization of China

"Modernization" is a historically developing concept. The backward countries, especially the developing countries like China, must start from their own conditions when striving for modernization. The classic works on economics, which have experienced the practical test of human history and have acquired public acknowledgement, should be studied honestly. In the process of building up our socialist marketing mechanism, the doctrinairism of modem economics should especially be avoided attentively.