Beyond Market and Government by Yining Li
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Format Hardcover
Condition Brand New
Description Beyond Market and Government
Publisher Description
This book explores how moral factors exert influence on economy from an economic and philosophical point of view. The book takes an in-depth look at topics such as efficiency and coordination, fairness and identification, law and self-discipline and the third distribution, which have long been the focus of public attention. As expounded in this book, in places where regulation by market or government does work, there are still some gaps that the two modes of regulation cannot reach owing to the limitations of their influence. Each does compensate for the other's limitations, but only up to a point. The gap can only be filled by custom and morality. In this sense, regulation by custom and morality can be viewed as a regulatory mode beyond market and government. In a market economy, market regulation of resource allocation as a basic mode can be called "primary regulation" and government regulation, as a high-level mode, "secondary regulation." Regulation that relies on the force of custom and morality, a regulation beyond market and government, can be called "the third regulation." A variety of causes can give rise to market failure or government paralysis, rendering regulation by market or government ineffective or extremely limited. But even in such circumstances, custom and morality still exist and continue working as normal. What affects resource allocation, socio-economic operations and living standards is not just the power of market or government, but that of custom and morality. This book is one of the three published writings that best reflect Professor Li Yining's academic standpoint. Although written in economic language, the book also incorporates sociology, history and philosophy and will help the reader make better judgment calls in the face of changing market conditions and economic policies.
Author Biography
Li Yining is Professor of Economics and Honorary Dean of the Peking University Guanghua School of Management. He is one of China's foremost economists and the author of twenty books and numerous articles on a wide range of economic subjects including reform and development in China. He has received a number of highly prestigious awards and honours for his research. As the leading proponent of a market economy in China, Professor Li has had an enormous influence on China's economic reform policy over the last three decades. He has served on the Standing Committee of the National People's Congre
Details ISBN 3662442531 ISBN-13 9783662442531 Title Beyond Market and Government Author Yining Li Format Hardcover Year 2014 Pages 182 Edition 2015th Publisher Springer-Verlag Berlin and Heidelberg GmbH & Co. KG GE_Item_ID:137898189; About Us
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