Wisdom in Life

Author: Yi Xianrong
Publisher:
Publish Date: 2004-12-01
Features: This book is a discussion and review of the real economic issues arising during China's reform and opening-up process in recent years. It focuses on introducing the representatives of the institutional economics school in Western economics, including Nobel laureates such as Coase, Mundell, McFadden, Heckman, Kahneman, Smith, Engle, and Granger, Amartya Sen, along with their views. The book also presents the economic perspectives of the author's mentor, Zhang Wu Chang, and friend, Lin Xingzhi. Additionally, it elaborates on the author's arguments combining institutional economics with practical economic issues, particularly in the fifth section where the author offers insightful remarks on financial new theories, exchange rates, corporate governance structures, and their improvement pathways.