Order of Economic Choices - A Theoretical Framework of Transaction Economics: A Theoretical Framework of Transaction Economics

Author: Liu Feng
Publisher:
Publish Date: 2006-06-01
Features: This book roughly analyzes and discusses the theoretical achievements and shortcomings of past economic theories, explores and elaborates on the similarities and differences in methodologies between neoclassical economics and Coasean economics, and proposes a new theoretical framework—Transaction Economics Theory Framework—based on the methodological principles of Coasean economics. The content includes: the structure of demand, consumer behavior and value theory, labor supply determined by labor choice, organizations and their constituent elements, etc. The basic framework of this book remains the framework of neoclassical economic theory, that is, understanding and interpreting various economic categories from the perspective of the interaction between transactional parties. However, it takes the reality of human economic activities (transactions) as the core, understanding human economic life from the historical development of human survival, thereby specifically demonstrating the author's understanding of Coasean thought. Personal Opinion: This will be closer to the kind of economics Coase referred to, which is currently a three-layered theoretical structure of "micro + macro + institutions" that is disjointed and mutually unconnected.