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| Two Handed Theory and Its Economic Ethical Implications |
| Qiao Hongwu Sun Li |
| Economics and Management School， Wuhan University， Wuhan 430072 |
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Abstract The “two handed theory” is one of the core viewpoints of Xi Jinping’s political economics. The so-called “the invisible hand”， was first put forward by Adam Smith， and then dug and discussed thoroughly by Hayek， it is spontaneously emerged by the market economy. The order formed by “the invisible hand” has more advantages than the man-made order constructed by “the visible hand”. The concept of “the visible hand” has at least four connotations in the context of western economics. In addition to the first one， the other connotations include the affirmation of government intervention and the opposition to liberalism. Therefore， there are implicit opposition of economic ethics orientations behind the “the invisible hand” and “the visible hand”. The first economic ethical orientation contained in the “two handed theory” of Xi Jinping’s political economics is the complete negation of the traditional planned economy； The second economic ethical orientation is that the government needs to use “the visible hand” to lift and protect “the invisible hand”； More importantly， the third economic ethical orientation is to make “the invisible hand” and “the visible hand” together in the form of promoting the socialist market economy with Chinese characteristics. In economic development， we should take the advantages of this resultant force to catch up with the advanced countries and achieve The Chinese Dream of the great rejuvenation of the Chinese nation.
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Received: 22 November 2017
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2017, Vol. 56 
