The book summarizes the 60 year development of economic theories, explaining in detail the features and development of economic theories from 1949 to 1976 and in the reform and opening-up period. The author has made a systematic theoretical analysis on the economic situation from two different stages before and after China's reform and opening-up, which put forward many unconventional point of view, and it has contributed visionary ideas for the research on China's economy. It provide the readers with a general understanding of the economic trend and development of contemporary China, with many pertinent answer to the practical and concrete problems about China's economy.

Mr. Zhang Zhuoyuan is the famous economist in contemporary China, served as the researcher, doctoral supervisor, and director of Institute of Economics of Chinese Academy of Social Sciences (CASS). Meanwhile, Mr. Zhang Zhuoyuan also has a lot of social appointments such as chief editor of "Finance and Trade Economics" and secretary general of Sun Yefang Economic Science Foundation. He is the author of "Production Price in Socialist Economy", "Socialist Price Theory and Price Reform", etc.

Chapter 1The Spreading of Stalin's Issues on The Socialist Economy in the Soviet Union in China in the 1950s and the Discussion on the Issue of Basic Economic Principles during the Transitional Period Triggered by Such Spreading.- Chapter 2Exploration and Argument on the Relationship between Planning and Market and the Issues of Commodity and Value in the 1950s.- Chapter 3The First Symposium on the Theories of Economics of the Peoples Republic of China in April 1959.- Chapter 4The Economic Views of Sun Yefang and Others Were Taken as "Revisionism" and Condemned in "Mass Criticism".- Chapter 5Extreme Left-Deviated Thought Trend Ran Rampant and Even Basic Economic Views in Marxism Were Criticized.- Chapter 6The Action in Economics Started with the Issue on Distribution according to Performance in 1977 and 1978.- Chapter 7The Issue of the Role of the Law of Value as the Central Theme at the Second National Symposium on the Theories of Economics in 1979.- Chapter 8Scholars Working on Economic Theories Participated in a Large Scale in Economic Investigation and Survey Activities in the Early Period of the Reform and Opening Up.- Chapter 9The Reform to Establish the Rural Household Contracted Responsibility System in the 1980s Was the Important Breakthrough in Traditional Socialist Economic Theory.- Chapter 10The Mastering of China's Basic National Situationthe Theory of the Primary Stage of Socialism Gradually Formed with Consensus Achieved on It.- Chapter 11The Establishment of the Theory of Socialist Commodity Economy in 1984.- Chapter 12The Symposium of Middle-Aged and Young Economists in 1984the "Moganshan Conference".- Chapter 13The Introduction of Macroeconomic Management Theory and Experience from Western Countries at the Bashan Tourist Ship Conference in 1985.- Chapter 14The Formulation of the Compendium on Mid-Term Reform Program by Eight Units Organized by the State Commission for Restructuring the Economic System in 1987.- Chapter 15The Establishment of the Theory of Socialist Market Economy in 1992 and Its Rise as the Theoretical Pillar for China to Deepen Reform and Opening Up.- Chapter 16Breakthrough in the Theory on Ownership System and the Establishment of the Basic Economic System of Socialism.- Chapter 17The Study on the Evolution of Enterprise System and the Reform of State-Owned Enterprises into Company and Shareholding Systems.- Chapter 18The Study, Discussion and Innovation in Market System Theory.- Chapter 19The Study and Discussion on the Theories on Industrial Structure and Industrial Organization and Relevant Progress.- Chapter 20The Study on Price Theory and the Exploration on the Regularities in Price Reform.- Chapter 21Chinas Fiscal Transition and the Route of the Formation of the Public Finance Theory after 1990s.- Chapter 22    The Evolution and Development of the Thoughts on Finance in China.- Chapter 23The Important Breakthrough in the Theory of Socialist Residents Income DistributionThe Participation in Distribution According to Production Factors and the Debate on the Issue of the Relationship between Fairness and Efficiency.- Chapter 24The Formation and Development of a Brand New Social Security Theoretical System.- Chapter 25The Deepening and Development of the Theory on Opening Up to the Outside World in China after Its Accession to the WTO in 2000.- Chapter 26Reviews and Prospects on the Theoretical Study on Transition Economy.- Chapter 27The Main Line of the Theoretical Study on Chinas Economic Growth: The Transformation of the Model of Economy Catch-Up and the Paradigm of Growth Theory.- Chapter 28The Study and Discussion on the Issues of Chinas Economic Transition and the Transformation of the Mode of Development.- Chapter 29The Rewriting of the Textbook of Sinicized Marxist Political Economics after the Beginning of the New Century.- Chapter 30The Development of Economic History in the Peoples Republic of China.- Chapter 31Western Economics in China over 60 Years after the Founding of the Peoples Republic of China.