The Theory and Practice of Economics in Foreign Countries

Author: Fu Chunguang
Publisher:
Publish Date: 2005-06-01
Features: In the new knowledge economy era, we should have a comprehensive understanding of the economic theories and development practices of various countries in the world, which is beneficial for learning and absorbing the outstanding achievements of human culture, and accelerating the pace of reform and opening-up in our country. This book is written to meet readers' needs for understanding foreign economic theory and practice. The book is divided into three parts, totaling eight chapters: Part I includes Chapters 1 to 6, which is the focus of the book, mainly introducing the economic theory and practice of developed countries in the West. Among them, Chapter 1 briefly elaborates on the evolution of Western economics from Adam Smith to Marshall, analyzing the development, changes, and impact of its basic theories and policy proposals. Chapter 2 focuses on Keynesian economics, in addition to the opposition between Keynesianism and economic liberalism, it also involves the historical fate of Keynesianism and the development of new Keynesianism. Chapter 3, from an objective and fair perspective, provides a relatively comprehensive introduction to the opponents of Keynesianism—the modern classical school. Chapter 4 is a typical application of economics in practice. This chapter discusses the application of economic research methods in the political field; the expansion of economic analytical tools and basic research methods in the collective or non-market decision-making process in the policy field is the public choice theory and its impact. Chapter 5 introduces the influential welfare economics and welfare state theory in the world today. Chapter 6 introduces the emerging new institutional economics. Part II is Chapter 7, Development Economics, which attempts to briefly discuss the theory and historical context of economic development in developing countries. Part III is Chapter 8, Transition Economics, which briefly introduces the economic reform theory and practice of the Soviet Union, Eastern European socialist countries, and Russia.