Macroeconomic regulation failure and microfoundation construction

Author: Wang Naixue
Publisher:
Publish Date: 2001-03-01
Features: This book profoundly discusses the significant importance of macroeconomic regulation. Macroeconomic regulation has a close intrinsic relationship with the market economy. The experience of countries around the world has proven that implementing a market economy not only cannot exclude state intervention and regulation of the economy but also requires certain intervention and regulation as a necessary condition for the smooth development of the market economy. If market regulation is a fundamental regulation, then macroeconomic regulation is a coordinating regulation; market regulation is the "invisible hand," while macroeconomic regulation is the "visible hand." Only by combining the "invisible hand" with the "visible hand" can the economy develop in a normal and orderly manner. This book presents clear viewpoints, profound arguments, and a combination of theory and practice. Its countermeasures and suggestions are feasible and actionable, making it a highly professional work.