@article{oai:kansai-u.repo.nii.ac.jp:00013138, author = {Takeshita, Koshi and 竹下, 公視}, journal = {Kansai University review of economics}, month = {Mar}, note = {Based on a framework that conceives of ownership (property rights) as "a bundle of rights," We propose four types of ownership system, build concept models of "functional socialism" and "functional capitalism," and then try to clarify the reality of China's "socialist market economy" We reached the following conclusions. First, we schematize the correspondence between "functional socialism" and "functional capitalism." Second, we show that a process of land ownership reform and state-owned enterprises reform corresponded with a schema of "functional capitalism." Third, we found that the ownership structure of the "socialist market economy" in China is now separated into three different sets of rights regarding ownership (property rights). Finally, we show that the reality of the "socialist market economy" is not a free market, but a market controlled by the Communist Party.}, pages = {1--25}, title = {"Functional Socialism'' and "Functional Capitalism" : The "Socialist Market Economy" in China}, volume = {18}, year = {2016} }