Comparison.11

Author: Wu Jinglian
Publisher:
Publish Date: 2004-03-01
Features: The Comparison provides an academic platform for readers on comparative institutional analysis. In this issue of The Comparison, we present the article Constructivism and Ecological Rationality in Economics by Vernon Smith. He was awarded the 2003 Nobel Prize in Economics for "developing a comprehensive experimental approach, particularly for the study of selective aspects of market mechanisms in the laboratory." This article is Vernon's speech at the award ceremony. This issue also includes The Power, Limitations, and Expansion of Orthodox Economics, a speech by Professor Huang Youguang of Monash University, Australia, delivered at the 3rd Annual Conference of the Chinese Economic Association held at Fudan University in Shanghai in January of this year. The recent development of China and India has become a focal point of attention. Jonathan Anderson, Head of the Asia Research Department at UBS Warburg, has compiled the article The Ten Great Myths of China and India Comparison to clarify ten misleading viewpoints. The Comparison stays at the forefront of theory, selectively introducing the experiences and lessons of other countries, the theories and practices of transition economies, and the developments in the field of comparative research, while also specifically introducing domestic and international academic theories on the design of China's economic reform plans, policy recommendations, and comments. This book is the 11th issue of The Comparison. China's reform and opening-up has gone through a 25-year journey. Editor-in-Chief Wu Jinglian once pointed out that, looking back at the development of China's economy over more than half a century, both its setbacks and successes are related to people's acceptance and understanding of economic theory. As the economy develops and reforms deepen, the role of the "government" not only affects the development of a society in reality but also plays an increasingly crucial role in social science research. The study of "governance" has become more in-depth and extensive. Whether the government's governance is "good" or "bad" will affect the economic and social development of a country. As the Nobel laureate in economics Douglass North said in his "paradox of the state," "The existence of the state is key to economic growth, yet the state is also the root of economic decline." The Comparison has always focused on this theme, such as the fifth issue published Qian Yingyi's Government and Rule of Law, and the seventh issue published Li Daokui's Reform Theory of the Bureaucratic System. This issue of The Comparison revolves around the theme of government governance, including theoretical research, empirical analysis, and content covering how to establish a trustworthy government, how to build a law-abiding state with integrity, organizational theory in economics and law, the cultivation of civil servant capabilities, and comparative analysis of the level of Chinese government governance.