Under Non-Complete Classical Assumptions: Non-State-Owned Enterprises and Dual Economic Structure Transformation

Author: Yang Junqing
Publisher:
Publish Date: 2005-10-01
Features: This book addresses the limitations of the classical school's explanation of value and price determination, which focuses solely on the supply side (i.e., production costs) under Say's assumption that supply creates its own demand. In the construction of a dual economy theory under non-complete classical assumptions, it considers both the total supply and total demand of the entire society. It employs new classical equilibrium analysis, empirical analysis, normative analysis, and regression analysis from econometrics, as well as institutional analysis of property rights, transaction costs, and institutional change from new institutional economics, and decision-making methods for economic agents under uncertainty from information economics and game theory. Additionally, it incorporates the analysis of division of labor and specialization from new classical economics.