Economics in the real world

Author: Zhou Qiren
Publisher:
Publish Date: 2002-02-01
Features: When economists find they cannot analyze what is happening in the real world, they replace it with an imaginary world they can grasp. If economists all produce papers and books in such an "economical" way, will they help us understand the problems and relationships in the real world? What makes the market economy valuable is the ability of entrepreneurs. Ability itself is capital. In the capital market, the buying and selling of enterprises is ultimately about buying and selling the profitability of enterprises, and at the root, it is about buying and selling the ability of entrepreneurs. The reason why real stories are captivating is that they often contradict the "accepted" logic. In such cases, what is expected to happen doesn't happen, while what is deemed impossible does. What this book aims to reveal is such "unconventional" reality. The trend of the times seems to be to worship the "deep" and stray off course. Perhaps another 40 years will be needed before the simple method of "studying the real world" attracts the attention it deserves.