Institutional Economics: Explanation of the Nature of Institutions and Institutional Change

Author: Wang Hongtao
Publisher:
Publish Date: 2003-07-01
Features: This book is a systematic institutional economics work written by a Chinese scholar, focusing on the transformation of modern Chinese society. The author begins with the nature and connotation of institutions, systematically elaborating on the supply and demand of institutions, procedural fairness in institutions, institutional change and transaction costs, path dependence and goal selection in institutional change, the relationship between institutional change and social psychology, institutional change and the modernization process, government innovation projects in institutional change, the path selection and performance analysis of institutional change, and the formulation of government policies in institutional change. The book closely revolves around the practical aspects and specific cases of Chinese reforms, utilizing Western institutional economics as a theoretical tool to focus on analyzing the impact of social psychology on institutional change and their symbiotic interactive relationship. It offers unique insights into the requirements of the modernization process and presents novel perspectives on government innovation projects and the role of government. This book holds significant practical and theoretical implications for China's pursuit of a leapfrog development strategy. It is not only a systematic, accessible, and Chinese institutional economics work but also serves as a textbook for students in relevant departments of higher education institutions, government departments, and management personnel in enterprises to study and understand China's macroeconomic reforms. It holds particular value for students in Master of Public Administration (MPA) programs.