Christopher Marquis is Sinyi Professor of Chinese Management at Cambridge Judge Business School and author of Better Business: How the B Corp Movement Is Remaking Capitalism. Kunyuan Qiao is a faculty member at Georgetown McDonough School of Business.
“Many western observers believed that China was moving towards free
market capitalism and hoped that it would become more democratic as
a result. . . . This important book shows that such beliefs and
hopes were always naïve.”—Martin Wolf, Financial Times
“An important book at a crucial time for China’s economy.”—Lingling
Wei, Wall Street Journal (on Twitter)
“A well-written and welcome contribution to the debate about
China’s model of development. . . . The book is a pleasure to
read.”—Hongying Wang, International Affairs
A Financial Times “Best Book of 2022”
Tied for the 2023 Axiom Gold Medal, sponsored by Axiom Business
Book Awards
Finalist for the George R. Terry Award, sponsored by the Academy of
Management
“Mao and Markets is an important blueprint for understanding how to
do businesses in China. It is intellectually well grounded and
offers important and practical advice for business leaders hoping
to succeed in the Chinese market.”—Craig Allen, president, US-China
Business Council
“Mao and Markets is a richly detailed and timely book. It is well
researched and thought-provoking, shedding light on not only
Chinese business and entrepreneurship, but also politics, political
leadership and how different generations of leaders will affect the
future of China.”—Cheng Li, director of John L. Thornton China
Center, Brookings Institution
“Mao and Markets is the book to read if you want to do business in
today’s China. It has great insights on Xi Jinping’s emerging
‘China Model’ that business will need to come to terms within the
coming years.”—James McGregor, chairman of APCO Worldwide’s greater
China region
“Capitalism and communism are entwined in China. Mao and Markets
illuminates the connections between the history of the Chinese
Communist Party and early leaders to the current Chinese economy
and society. It will give insights not only to those who do
business in China, but also for those interested in the nature of
Chinese nationalism.”—Rana Mitter, professor of the history and
politics of modern China, University of Oxford
“Contributing to the lively debate over whether today’s China is
better understood as ‘capitalist’ or ‘Communist,’ Chris Marquis and
Kunyuan Qiao offer an informed and engaging argument for the deep
and enduring influence of Maoism on contemporary Chinese politics
and economy.”—Elizabeth J. Perry, Henry Rosovsky Professor of
Government, Harvard University
“A compelling and provocative book. Marquis and Qiao dispel the
naïve Western view that China is likely to conform with our system.
Mao’s legacy as an uncomfortable alternative deserves serious
consideration.”—Stephen Roach, author of Accidental Conflict:
America, China, and the Clash of False Narratives
“Mao and Markets provides an important account of the long-term
impact of Mao Zedong on Chinese business and society. The book
unravels the puzzling relationship between the Chinese Communist
Party and the private sector. It provides essential reading for
those trying to understand China’s development strategy
today.”—Tony Saich, Daewoo Professor of International Affairs,
Harvard Kennedy School
“The authors illuminate a little-understood and often neglected
aspect of modern China—the pervasive influence of Mao and Maoism in
the country’s supposedly capitalist business empires.”—Jamil
Anderlini, editor-in-chief, POLITICO Europe
“Mao’s thinking about guerrilla warfare and ideology seems to have
little to do with China’s emerging digital economy; but as Marquis
and Qiao point out in this highly readable new book, Maoism
continues to shape the institutions governing the digital economy
and inform the thinking of private entrepreneurs and officials in
China. This insight, richly informed with case studies and survey
data, provides an important and welcomed correction to widely held
beliefs of the ‘capitalist’ economy in China.”—Victor Shih, Ho Miu
Lam Chair and associate professor, School of Global Policy and
Strategy, University of California, San Diego
“Mao and Markets will be a valuable resource not just for scholars
studying organizations and entrepreneurship but also for those in
the general public who are interested in learning the history and
trajectory of China’s market development.”—Eric Zhao, author of
Optimal Distinctiveness
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