Author: Yunxian Chen
Publisher: Springer Nature
ISBN: 9811529221
Category : Business & Economics
Languages : en
Pages : 126
Book Description
This book contains at least three main highlights: breaking through the limitations of the mainstream Western economics system and the market theory framework, correctly explaining the successful experience of China’s reform and opening up over the past 40 years from an economic perspective, and developing a new economics system and market theory. China’s reform and opening up and innovative developments have provided a wide range of materials and resources for this theory; the results of this research will be integrated into world economic theories and serve the economic development and economic growth across the world.
New Economic Engine: Effective Government and Efficient Market
Author: Yunxian Chen
Publisher: Springer Nature
ISBN: 9811529221
Category : Business & Economics
Languages : en
Pages : 126
Book Description
This book contains at least three main highlights: breaking through the limitations of the mainstream Western economics system and the market theory framework, correctly explaining the successful experience of China’s reform and opening up over the past 40 years from an economic perspective, and developing a new economics system and market theory. China’s reform and opening up and innovative developments have provided a wide range of materials and resources for this theory; the results of this research will be integrated into world economic theories and serve the economic development and economic growth across the world.
Publisher: Springer Nature
ISBN: 9811529221
Category : Business & Economics
Languages : en
Pages : 126
Book Description
This book contains at least three main highlights: breaking through the limitations of the mainstream Western economics system and the market theory framework, correctly explaining the successful experience of China’s reform and opening up over the past 40 years from an economic perspective, and developing a new economics system and market theory. China’s reform and opening up and innovative developments have provided a wide range of materials and resources for this theory; the results of this research will be integrated into world economic theories and serve the economic development and economic growth across the world.
The Dual-Entity of Market Competition
Author: Yunxian Chen
Publisher: Routledge
ISBN: 1000504409
Category : Business & Economics
Languages : en
Pages : 214
Book Description
The relationship between the government and the market lies at the heart of Economics as a discipline. This title approaches this issue with a new lens termed mezzoeconomics—A branch of modern economics that mainly studies regional economic entities and the allocation of regional resources after they are generated. Combining mezzoeconomic theory with practice in the light of China’s Reform and Opening-up, the author analyzes the regional governments’ participation in market competition, the dual entities (enterprises and regional governments) of market competition, and a mature market economy featuring a strong form of effective government and efficient market. Three corresponding theories are proposed—the Regional Government Competition Theory, the Dual-Entity of Market Competition Theory (DEMC), and the “Double Strong Forms” Theory. The author hopes that these theories of mezzoeconomics can build a new, effective theoretical model and serve as a guidance for regional governments to reform and innovate their governance philosophy and policies. This book will be of keen interest to students and scholars of economics and regional governance.
Publisher: Routledge
ISBN: 1000504409
Category : Business & Economics
Languages : en
Pages : 214
Book Description
The relationship between the government and the market lies at the heart of Economics as a discipline. This title approaches this issue with a new lens termed mezzoeconomics—A branch of modern economics that mainly studies regional economic entities and the allocation of regional resources after they are generated. Combining mezzoeconomic theory with practice in the light of China’s Reform and Opening-up, the author analyzes the regional governments’ participation in market competition, the dual entities (enterprises and regional governments) of market competition, and a mature market economy featuring a strong form of effective government and efficient market. Three corresponding theories are proposed—the Regional Government Competition Theory, the Dual-Entity of Market Competition Theory (DEMC), and the “Double Strong Forms” Theory. The author hopes that these theories of mezzoeconomics can build a new, effective theoretical model and serve as a guidance for regional governments to reform and innovate their governance philosophy and policies. This book will be of keen interest to students and scholars of economics and regional governance.
Contemporary Macroeconomics
Author: Vasilii Erokhin
Publisher: Springer Nature
ISBN: 9811995427
Category : Business & Economics
Languages : en
Pages : 945
Book Description
This book covers a lot of ground in contemporary macroeconomics, from fundamental theories such as market structures and equilibrium to emerging concepts that reflect the most critical challenges of modern times, including economic slowdowns, the resilience of public health systems, digitalization, environmental footprints, and many more. The COVID-19 outbreak has aggravated the recurrent problems of poverty and income inequality between countries, food insecurity and hunger, unemployment, and social disorders that have resulted in the exacerbation of political, economic, and trade tensions between countries. In view of the damaging consequences of the pandemic for the entire global economy, the book examines how existing macroeconomic tools and policies could be adapted to the new normal to ensure sustainable post-pandemic development and growth. The main text is interspersed with real-life illustrations and cases that demonstrate practical implications of the concepts under study. This makes the reading relevant and active. Every chapter starts with learning objectives and ends with a series of questions and quizzes that enable easier reinforcement of the course content. This book is written mainly for students, but it would be much useful to the broader public audience, including postgraduates, researchers, and business people who will be able to learn all recent updates about macroeconomics and the post-pandemic perspectives of the global economy.
Publisher: Springer Nature
ISBN: 9811995427
Category : Business & Economics
Languages : en
Pages : 945
Book Description
This book covers a lot of ground in contemporary macroeconomics, from fundamental theories such as market structures and equilibrium to emerging concepts that reflect the most critical challenges of modern times, including economic slowdowns, the resilience of public health systems, digitalization, environmental footprints, and many more. The COVID-19 outbreak has aggravated the recurrent problems of poverty and income inequality between countries, food insecurity and hunger, unemployment, and social disorders that have resulted in the exacerbation of political, economic, and trade tensions between countries. In view of the damaging consequences of the pandemic for the entire global economy, the book examines how existing macroeconomic tools and policies could be adapted to the new normal to ensure sustainable post-pandemic development and growth. The main text is interspersed with real-life illustrations and cases that demonstrate practical implications of the concepts under study. This makes the reading relevant and active. Every chapter starts with learning objectives and ends with a series of questions and quizzes that enable easier reinforcement of the course content. This book is written mainly for students, but it would be much useful to the broader public audience, including postgraduates, researchers, and business people who will be able to learn all recent updates about macroeconomics and the post-pandemic perspectives of the global economy.
Regional Government Competition
Author: Chen Yunxian
Publisher: Routledge
ISBN: 0429841426
Category : Business & Economics
Languages : en
Pages : 254
Book Description
This monograph provides a coherent and systematic explanation of China’s regional economic development from the perspective of regional government competition. It gives an almost unknown exposition of the mechanisms of China's regional economic development, with numerous supporting cases drawn from both China and elsewhere. This book is an invaluable resource for anyone interested to learn more particularly the development and transformation of China’s regional economy from both the Chinese and global perspectives.
Publisher: Routledge
ISBN: 0429841426
Category : Business & Economics
Languages : en
Pages : 254
Book Description
This monograph provides a coherent and systematic explanation of China’s regional economic development from the perspective of regional government competition. It gives an almost unknown exposition of the mechanisms of China's regional economic development, with numerous supporting cases drawn from both China and elsewhere. This book is an invaluable resource for anyone interested to learn more particularly the development and transformation of China’s regional economy from both the Chinese and global perspectives.
The Dual-Entity of Market Competition
Author: Yunxian Chen
Publisher: Routledge
ISBN: 1000504395
Category : Business & Economics
Languages : en
Pages : 306
Book Description
The relationship between the government and the market lies at the heart of Economics as a discipline. This title approaches this issue with a new lens termed mezzoeconomics—A branch of modern economics that mainly studies regional economic entities and the allocation of regional resources after they are generated. Combining mezzoeconomic theory with practice in the light of China’s Reform and Opening-up, the author analyzes the regional governments’ participation in market competition, the dual entities (enterprises and regional governments) of market competition, and a mature market economy featuring a strong form of effective government and efficient market. Three corresponding theories are proposed—the Regional Government Competition Theory, the Dual-Entity of Market Competition Theory (DEMC), and the “Double Strong Forms” Theory. The author hopes that these theories of mezzoeconomics can build a new, effective theoretical model and serve as a guidance for regional governments to reform and innovate their governance philosophy and policies. This book will be of keen interest to students and scholars of economics and regional governance.
Publisher: Routledge
ISBN: 1000504395
Category : Business & Economics
Languages : en
Pages : 306
Book Description
The relationship between the government and the market lies at the heart of Economics as a discipline. This title approaches this issue with a new lens termed mezzoeconomics—A branch of modern economics that mainly studies regional economic entities and the allocation of regional resources after they are generated. Combining mezzoeconomic theory with practice in the light of China’s Reform and Opening-up, the author analyzes the regional governments’ participation in market competition, the dual entities (enterprises and regional governments) of market competition, and a mature market economy featuring a strong form of effective government and efficient market. Three corresponding theories are proposed—the Regional Government Competition Theory, the Dual-Entity of Market Competition Theory (DEMC), and the “Double Strong Forms” Theory. The author hopes that these theories of mezzoeconomics can build a new, effective theoretical model and serve as a guidance for regional governments to reform and innovate their governance philosophy and policies. This book will be of keen interest to students and scholars of economics and regional governance.
Thinking Like an Economist
Author: Elizabeth Popp Berman
Publisher: Princeton University Press
ISBN: 0691248885
Category : Business & Economics
Languages : en
Pages : 344
Book Description
The story of how economic reasoning came to dominate Washington between the 1960s and 1980s—and why it continues to constrain progressive ambitions today For decades, Democratic politicians have frustrated progressives by tinkering around the margins of policy while shying away from truly ambitious change. What happened to bold political vision on the left, and what shrunk the very horizons of possibility? In Thinking like an Economist, Elizabeth Popp Berman tells the story of how a distinctive way of thinking—an “economic style of reasoning”—became dominant in Washington between the 1960s and the 1980s and how it continues to dramatically narrow debates over public policy today. Introduced by liberal technocrats who hoped to improve government, this way of thinking was grounded in economics but also transformed law and policy. At its core was an economic understanding of efficiency, and its advocates often found themselves allied with Republicans and in conflict with liberal Democrats who argued for rights, equality, and limits on corporate power. By the Carter administration, economic reasoning had spread throughout government policy and laws affecting poverty, healthcare, antitrust, transportation, and the environment. Fearing waste and overspending, liberals reined in their ambitions for decades to come, even as Reagan and his Republican successors argued for economic efficiency only when it helped their own goals. A compelling account that illuminates what brought American politics to its current state, Thinking like an Economist also offers critical lessons for the future. With the political left resurgent today, Democrats seem poised to break with the past—but doing so will require abandoning the shibboleth of economic efficiency and successfully advocating new ways of thinking about policy.
Publisher: Princeton University Press
ISBN: 0691248885
Category : Business & Economics
Languages : en
Pages : 344
Book Description
The story of how economic reasoning came to dominate Washington between the 1960s and 1980s—and why it continues to constrain progressive ambitions today For decades, Democratic politicians have frustrated progressives by tinkering around the margins of policy while shying away from truly ambitious change. What happened to bold political vision on the left, and what shrunk the very horizons of possibility? In Thinking like an Economist, Elizabeth Popp Berman tells the story of how a distinctive way of thinking—an “economic style of reasoning”—became dominant in Washington between the 1960s and the 1980s and how it continues to dramatically narrow debates over public policy today. Introduced by liberal technocrats who hoped to improve government, this way of thinking was grounded in economics but also transformed law and policy. At its core was an economic understanding of efficiency, and its advocates often found themselves allied with Republicans and in conflict with liberal Democrats who argued for rights, equality, and limits on corporate power. By the Carter administration, economic reasoning had spread throughout government policy and laws affecting poverty, healthcare, antitrust, transportation, and the environment. Fearing waste and overspending, liberals reined in their ambitions for decades to come, even as Reagan and his Republican successors argued for economic efficiency only when it helped their own goals. A compelling account that illuminates what brought American politics to its current state, Thinking like an Economist also offers critical lessons for the future. With the political left resurgent today, Democrats seem poised to break with the past—but doing so will require abandoning the shibboleth of economic efficiency and successfully advocating new ways of thinking about policy.
An Engine, Not a Camera
Author: Donald MacKenzie
Publisher: MIT Press
ISBN: 0262250047
Category : Technology & Engineering
Languages : en
Pages : 782
Book Description
In An Engine, Not a Camera, Donald MacKenzie argues that the emergence of modern economic theories of finance affected financial markets in fundamental ways. These new, Nobel Prize-winning theories, based on elegant mathematical models of markets, were not simply external analyses but intrinsic parts of economic processes. Paraphrasing Milton Friedman, MacKenzie says that economic models are an engine of inquiry rather than a camera to reproduce empirical facts. More than that, the emergence of an authoritative theory of financial markets altered those markets fundamentally. For example, in 1970, there was almost no trading in financial derivatives such as "futures." By June of 2004, derivatives contracts totaling $273 trillion were outstanding worldwide. MacKenzie suggests that this growth could never have happened without the development of theories that gave derivatives legitimacy and explained their complexities. MacKenzie examines the role played by finance theory in the two most serious crises to hit the world's financial markets in recent years: the stock market crash of 1987 and the market turmoil that engulfed the hedge fund Long-Term Capital Management in 1998. He also looks at finance theory that is somewhat beyond the mainstream—chaos theorist Benoit Mandelbrot's model of "wild" randomness. MacKenzie's pioneering work in the social studies of finance will interest anyone who wants to understand how America's financial markets have grown into their current form.
Publisher: MIT Press
ISBN: 0262250047
Category : Technology & Engineering
Languages : en
Pages : 782
Book Description
In An Engine, Not a Camera, Donald MacKenzie argues that the emergence of modern economic theories of finance affected financial markets in fundamental ways. These new, Nobel Prize-winning theories, based on elegant mathematical models of markets, were not simply external analyses but intrinsic parts of economic processes. Paraphrasing Milton Friedman, MacKenzie says that economic models are an engine of inquiry rather than a camera to reproduce empirical facts. More than that, the emergence of an authoritative theory of financial markets altered those markets fundamentally. For example, in 1970, there was almost no trading in financial derivatives such as "futures." By June of 2004, derivatives contracts totaling $273 trillion were outstanding worldwide. MacKenzie suggests that this growth could never have happened without the development of theories that gave derivatives legitimacy and explained their complexities. MacKenzie examines the role played by finance theory in the two most serious crises to hit the world's financial markets in recent years: the stock market crash of 1987 and the market turmoil that engulfed the hedge fund Long-Term Capital Management in 1998. He also looks at finance theory that is somewhat beyond the mainstream—chaos theorist Benoit Mandelbrot's model of "wild" randomness. MacKenzie's pioneering work in the social studies of finance will interest anyone who wants to understand how America's financial markets have grown into their current form.
The New Economy
Author: Organisation for Economic Co-operation and Development
Publisher: OECD Publishing
ISBN:
Category : Business & Economics
Languages : en
Pages : 112
Book Description
Shifts that have taken place in growth patterns of the economies of Organisation of Economic Co-Operation and Development countries in recent years are examined. The key factor to examine is productivity, since its increase allows the achievement of faster rates of noninflationary economic expansion. By the end of the 1990s, evidence of productivity growth driven by information and communication technology (ICT) emerged. A surge in hardware and software investment, new networks between suppliers, and expanded consumer choice played their part. ICT appears to facilitate productivity only when accompanied by increased skills and changes in the way work is organized. Policies that combine ICT, human capital, competition, innovation, and entrepreneurship with inflation control are likely to enhance productivity. These factors are mutually reinforcing and not as beneficial used separately. Chapter 1 examines the facts about growth in GDP capital in OECD countries in the past decade. Chapter 2 examines the kinds of policies that are needed to enhance the wider diffusion of ICT. Chapter 3 argues that policies concerning innovation can allow new technologies to expand. Chapter 4 looks at how human capital can promote growth. Chapter 5 focuses on the role of business creation. Chapter 6 warns that the balance of economic and social factors is vital to growth if its benefits are to be widely shared. (Contains 64 references.) (RKJ)
Publisher: OECD Publishing
ISBN:
Category : Business & Economics
Languages : en
Pages : 112
Book Description
Shifts that have taken place in growth patterns of the economies of Organisation of Economic Co-Operation and Development countries in recent years are examined. The key factor to examine is productivity, since its increase allows the achievement of faster rates of noninflationary economic expansion. By the end of the 1990s, evidence of productivity growth driven by information and communication technology (ICT) emerged. A surge in hardware and software investment, new networks between suppliers, and expanded consumer choice played their part. ICT appears to facilitate productivity only when accompanied by increased skills and changes in the way work is organized. Policies that combine ICT, human capital, competition, innovation, and entrepreneurship with inflation control are likely to enhance productivity. These factors are mutually reinforcing and not as beneficial used separately. Chapter 1 examines the facts about growth in GDP capital in OECD countries in the past decade. Chapter 2 examines the kinds of policies that are needed to enhance the wider diffusion of ICT. Chapter 3 argues that policies concerning innovation can allow new technologies to expand. Chapter 4 looks at how human capital can promote growth. Chapter 5 focuses on the role of business creation. Chapter 6 warns that the balance of economic and social factors is vital to growth if its benefits are to be widely shared. (Contains 64 references.) (RKJ)
Economic Security: Neglected Dimension of National Security ?
Author: National Defense University (U S )
Publisher: Government Printing Office
ISBN:
Category : Business & Economics
Languages : en
Pages : 132
Book Description
On August 24-25, 2010, the National Defense University held a conference titled “Economic Security: Neglected Dimension of National Security?” to explore the economic element of national power. This special collection of selected papers from the conference represents the view of several keynote speakers and participants in six panel discussions. It explores the complexity surrounding this subject and examines the major elements that, interacting as a system, define the economic component of national security.
Publisher: Government Printing Office
ISBN:
Category : Business & Economics
Languages : en
Pages : 132
Book Description
On August 24-25, 2010, the National Defense University held a conference titled “Economic Security: Neglected Dimension of National Security?” to explore the economic element of national power. This special collection of selected papers from the conference represents the view of several keynote speakers and participants in six panel discussions. It explores the complexity surrounding this subject and examines the major elements that, interacting as a system, define the economic component of national security.
Making Of An Economic Superpower, The: Unlocking China's Secret Of Rapid Industrialization
Author: Yi Wen
Publisher: World Scientific
ISBN: 9814733741
Category : Business & Economics
Languages : en
Pages : 336
Book Description
The rise of China is no doubt one of the most important events in world economic history since the Industrial Revolution. Mainstream economics, especially the institutional theory of economic development based on a dichotomy of extractive vs. inclusive political institutions, is highly inadequate in explaining China's rise. This book argues that only a radical reinterpretation of the history of the Industrial Revolution and the rise of the West (as incorrectly portrayed by the institutional theory) can fully explain China's growth miracle and why the determined rise of China is unstoppable despite its current 'backward' financial system and political institutions. Conversely, China's spectacular and rapid transformation from an impoverished agrarian society to a formidable industrial superpower sheds considerable light on the fundamental shortcomings of the institutional theory and mainstream 'blackboard' economic models, and provides more-accurate reevaluations of historical episodes such as Africa's enduring poverty trap despite radical political and economic reforms, Latin America's lost decades and frequent debt crises, 19th century Europe's great escape from the Malthusian trap, and the Industrial Revolution itself.
Publisher: World Scientific
ISBN: 9814733741
Category : Business & Economics
Languages : en
Pages : 336
Book Description
The rise of China is no doubt one of the most important events in world economic history since the Industrial Revolution. Mainstream economics, especially the institutional theory of economic development based on a dichotomy of extractive vs. inclusive political institutions, is highly inadequate in explaining China's rise. This book argues that only a radical reinterpretation of the history of the Industrial Revolution and the rise of the West (as incorrectly portrayed by the institutional theory) can fully explain China's growth miracle and why the determined rise of China is unstoppable despite its current 'backward' financial system and political institutions. Conversely, China's spectacular and rapid transformation from an impoverished agrarian society to a formidable industrial superpower sheds considerable light on the fundamental shortcomings of the institutional theory and mainstream 'blackboard' economic models, and provides more-accurate reevaluations of historical episodes such as Africa's enduring poverty trap despite radical political and economic reforms, Latin America's lost decades and frequent debt crises, 19th century Europe's great escape from the Malthusian trap, and the Industrial Revolution itself.