Theoretical Research on Micro-Regulation: Based on a Critique of Orthodox Theories and Understanding the Market as a Curriculum

Author: Wang Tinghui
Publisher:
Publish Date: 2005-07-01
Features: This book critiques the orthodox economic theory based on general equilibrium theory. Utilizing three fundamental elements—time, knowledge, and human action—it analyzes market failure phenomena, views the market as a process of competitive struggle, points out the harms of government micro-regulation and the basic approach to restricting government monopoly power, and determines the fundamental functional boundaries of the government in a market economy. The book is well-structured with clear arguments and rigorous logical organization, reflecting a process of breaking down, establishing, breaking down again, and re-establishing arguments. It provides economists with a new perspective for reflecting on theory and examining reality.