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- W2378290345 abstract "This paper discusses the role of modern economics in China's reform and explores the implication and significance of the internal logic analytical method of economic theories.It briefly introduces that the success of China's gradual reform can be attributed to the satisfication of participation constraint and incentive compatibility constraint,which leads to a desirable handling of the dynamic relationship among reform,development and stability.Then it introduces the basic analytical framework of modern economics,namely defining economic environment,setting behavioral assumptions,giving institutional arrangements,choosing equilibrium outcomes,and conducting evaluation and comparison.A mastery of the internal logic analytical method and the five basic steps of modern economics will contribute to a better scientific understanding of modern economics." @default.
- W2378290345 created "2016-06-24" @default.
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- W2378290345 date "2011-01-01" @default.
- W2378290345 modified "2023-09-24" @default.
- W2378290345 title "A Scientific Understanding of Modern Economics" @default.
- W2378290345 hasPublicationYear "2011" @default.
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