Over a century after the first socialist revolution broke the global monopoly of capitalism, a new class of socialist-oriented socioeconomic development is coming. This book offers a balanced and historically rooted interpretation of the successes and failures of socialist economic construction throughout the last century.

Foreword by Francesco Schettino Part I: Capitalism and Socialism as Modes of Production 1. Introduction to Part I 2. The hard scientific underpinnings of XXIth century political economy 3. Modes of production and socioeconomic formations 4. Labor and value 5. Real competition, pending issues and the core propositions of the surplus approach 6. Real socialism and the law of value 7. The Meta-Mode of Production 8. Socialism under the Meta Mode of Production Part II: China's journey from the early agricultural reforms to the New Projectment Economy 9. Introduction To Part II 10. Macroeconomic Dynamics 11. Rural reforms and the rise of Non-Capitalist Market-Oriented Enterprises 12. The Large State-Owned Business Conglomerates 13. The National Financial System And The Strengthening of China's Monetary Sovereignty 14. The dynamics of the new economic and social formation 15. NDRC and SASAC: a quantum leap in China's planning and governance capabilities 16. The New Projectment Economy Part III: The other two members of the new class of SEF: Vietnam and Laos 17. Introduction to part III 18. Agricultural reforms and the launching of Doi Moi 19. Equitization20. SOE, FDI, and simple commodity production 21. Employment, wages, and productivity 22. Accumulation, growth, and structural change 23. Finance 24. Development of productive forces and modernization in Vietnam and China 25. Poverty, inequality and human development 26. The differences between comrades Masina and Cerimele and us 27. Vietnam and China: brothers, not twins 28. Laos: the least developed member of the new class of SEFs 29. Concluding Remarks