Economics in the real world

Author: Cheng Enfu
Publisher:
Publish Date: 2002-01-01
Features: This book is divided into ten chapters. The first chapter briefly introduces the explanation of property rights by new institutional economics from the meaning, content, and origin of property rights. The second chapter introduces the transaction cost theory. The third chapter introduces the application of the transaction cost theory to explain property rights arrangements, their efficiency, and the evolution of property rights systems. The fourth chapter introduces the response of new institutional economics to "what is a firm and why it exists." Together with the analysis of corporate governance performance in the fifth chapter, it forms a relatively complete theory of the firm. The sixth chapter introduces the theory of the "superfirm" of the state. The seventh chapter introduces the economic explanation of legal systems by new institutional economics. The eighth and ninth chapters introduce the theoretical model of institutional change and historical interpretation by North and others. In the final chapter of the book, the editor attempts to answer the key question "What kind of economic theory does China really need" by systematically reviewing new institutional economics and its dissemination and development in China, combined with the practice of China's reform and opening-up.