Increasing Returns
Principles of Economics for China's Transitional Society/¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿
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"This book is based on the author's recent EMBA course at Peking University's National School of Development. The author argues that understanding Chinese phenomena requires placing them within a framework of triple transition. Conventional economic assumptions like marginal analysis need re-examination, especially the applicability of marginal pricing principles in China. Drawing from years of research on increasing returns economics, the author develops unique ""economic principles"" presented in four lectures: 1) phenomena of increasing returns, 2) necessary conditions for increasing return...
"This book is based on the author's recent EMBA course at Peking University's National School of Development. The author argues that understanding Chinese phenomena requires placing them within a framework of triple transition. Conventional economic assumptions like marginal analysis need re-examination, especially the applicability of marginal pricing principles in China. Drawing from years of research on increasing returns economics, the author develops unique ""economic principles"" presented in four lectures: 1) phenomena of increasing returns, 2) necessary conditions for increasing returns, 3) individual/group choices and emergent social structures, and 4) economic principles during China's transition. To explain China's economic ""miracle,"" one must first understand increasing returns economics. Addressing modern challenges like digital economy, climate change, aging populations, and inequality requires embracing the author's advocated ""generalized economics"" approach emphasizing cooperation and innovation. ¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿EMBA¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿"¿¿¿¿"¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿"¿¿¿¿¿"¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿"¿¿"¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿"¿¿¿¿¿¿"¿
