Introduction; J.Kornai & Y.Qian Socialism and the Market: Conceptual Clarification; J.Kornai 'Market Socialism' and Chinese Economic Reform; J.Wu China's Encounter with Market Socialism: Approaching Managed Capitalism by Indirect Means; L.Putterman Is State Ownership Consistent with a Market Economy: The Chinese Experience; W.Zhang Market Socialism or Capitalism? Evidence from Chinese Financial Market Development; J.Du & C.Xu China's Path-Dependent Transition: Culture Mediating between Market and Socialism; C.Herrman-Pillath Market Economy, Hierarchy and Single Party Rule; B.Naughton Market Economy with Socialist Orientation: The Evolution in Vietnam; D.D.Le Process of Economic Reforms in Vietnam: What Lessons can be Learnt; T.T.Vo Vietnam's Road to International Economic Integration with a Socialist Orientation: Is WTO Accession and Market Socialism Compatible?; S.Parker Market Socialism in China and Vietnam: Why has it Worked, So Far?; D.D.Li & Y.Wang