Economics and Philosophy: The Philosophical Foundations of Institutional Analysis

Author: Wei Sen
Publisher:
Publish Date: 2005-03-01
Features: This collection by the scholar Wei Sen includes reflections on the economics of administrative control economies; institutional analysis of game theory and economics; the life forms of human society: from habits, customs, conventions to institutions; the historical evolutionary paths of different life forms in Eastern and Western societies from the perspectives of moral ethics, cultural beliefs, and language; economics, ethics, language philosophy, and linguistics. The author focuses on the question: "Why did modern China not spontaneously (on its own) move towards a rule-of-law-based modern market economy order like Western society?" Starting from incentive theory, property rights theory, transaction cost theory, and comparative institutional analysis in contemporary economics, and extending to the works of Hayek and Weber, the author delves into fields such as law (theory), political philosophy, ethics, (cultural) anthropology, language philosophy, and linguistics to seek answers. This book is the author's reflections while studying the works of renowned economists with this question in mind.