Modern Foreign Economics Series - New Institutionalism

Author: Zhang Lin
Publisher:
Publish Date: 2006-01-01
Features: A comprehensive and systematic introduction to the classic economic theories of foreign economics. It covers the century-long tide of modern economic theories and explores the future trends of global economic development. Target Audience: Domestic experts and professors for research and discussion, university and college teachers and students for essential reading, government officials for understanding economic trends, and business management professionals for decision-making references.
Els, Foster, Tour, Bush, andDoug, you may have heard of these economists for the first time. This book will tell you that their status in economic thought is no less than that of Samuelson and Friedman. You may have always believed that Galbraith is the representative of institutional economics, but this book will tell you that Galbraith's contribution to this school is far less than that of Tour and Bush. When it comes to the period of institutional economics, the first people you might think of are Coase, North, and Williamson, and this book will tell you that their theories are not the orthodox of institutional economics.
The above content may not align with the economic knowledge you have mastered. Is it your mistake or the book's mistake? Neither! This is because Western economics is divided into orthodox and non-orthodox. What you usually come into contact with is orthodox economic theory, but the school we are studying here belongs to non-orthodox economics.