You are watching Cambridge Prof Chris Marquis discuss his recent book "Mao and Markets: The Communist Roots of Chinese Enterprise". This inperson talk was organised by the Manchester China Institute at Oddfellows Hall on Friday, 5 May 2023.
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As China opened up its economy over the past four decades, conventional wisdom held that the country’s growing embrace of free markets would lead to a more liberal society. Instead, China’s unprecedented economic growth has positioned state capitalism as a durable foil to the orthodoxy of free markets, to the confusion of many in the West. Xi Jinping was recently appointed to a third fiveyear term as China’s supreme leader, and has increasingly doubled down on state control of the economy and many have commented on his renewed embrace of Maoist principles. What does this mean for the future of the Chinese economy and relations with the West? What are the implications of China returning to some of the ideological principles spearheaded by Mao Zedong? And how much of China’s decades of economic success can be credited to Mao and Maoism?
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Christopher Marquis is the Sinyi Professor of Chinese Management at the University of Cambridge Judge Business School. He is the author the award winning books "Better Business: How the B Corp Movement is Remaking Capitalism" and "Mao and Markets: The Communist Roots of Chinese Enterprise". Prior to joining Cambridge he worked at Cornell for over 6 years, and Harvard for over 11 years, where he developed an awardwinning course on social entrepreneurship. He is the author of more than 20 peerreviewed academic articles and more than 50 Harvard business cases on topics related to sustainable business, and has earned awards for scholarly achievement from the Academy of Management and the American Sociological Association. Marquis earned a PhD in sociology and business administration from the University of Michigan and BA in History from Notre Dame. Before his academic career, he worked for six years in the financial services industry, most recently as vice president and technology manager for a business unit of J.P. Morgan Chase.
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