Economics in the Real World (Revised Edition)

Author: Zhou Qiren
Publisher:
Publish Date: 2002-02-01
Features: When economists find they cannot analyze what is happening in the real world, they replace it with an imaginary world they can grasp. If economists all produce papers and books in such an "economical" way, will they help us understand the problems and relationships in the real world? What is valuable in a market economy is the ability of entrepreneurs. Ability itself is capital. In the capital market, the "buying and selling of enterprises" is actually buying and selling the profitability of enterprises, and ultimately, it is buying and selling the ability of entrepreneurs.