System Equilibrium and Institutional Evolution

Author: Li Huiyi
Publisher:
Publish Date: 2006-04-01
Features: This book skillfully employs the evolutionary game theory of institutional economics, Marx's theory of social division of labor, comparative research, empirical analysis, and positive analysis to conduct an in-depth and systematic study of the institutional causes and evolutionary paths of changes in the income levels of Chinese military personnel, as well as the compensatory characteristics of reforms in the current income distribution system. It concludes that "the equilibrium of the income distribution system for Chinese military personnel is a low-level aggregate equilibrium with structural disequilibrium." The paper proposes reforms to the five-tier salary structure system and the income distribution system for military positions. The analysis of the measurement of military labor contributions and the life-cycle distribution of income, as well as the novel concepts proposed regarding the "trapping effect" and "compensatory effect" of the existing military income distribution system, are highly innovative. It is hailed as a "new achievement" in this research field and demonstrates considerable theoretical depth.