Zhang Yishan,Yu Weisheng,Wang Guangliang
Resources, Power, and Economic Interest Distribution in China
Resources, Power, and Economic Interest Distribution in China
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The power paradigm is a new economic research paradigm that reveals the relationship between power, institutions, and resource allocation mechanisms. It suggests that power reciprocity needs to be shared among different economic agents at the same hierarchy level to achieve full utility and an optimal allocation of resources. It will appeal to research students and academics interested in heterodox economics, pluralist approaches, institutional economics, and game theory.
Format: Paperback / softback
Length: 312 pages
Publication date: 26 September 2022
Publisher: Taylor & Francis Ltd
This book delves into the intricate relationship between economic power, resource allocation, and institutions, offering a novel perspective on economic research. Through a comprehensive investigation of economic and resource allocation factors, it unveils the power paradigm, a groundbreaking framework that sheds light on the interconnectedness of power, institutions, and resource allocation mechanisms. By establishing a valid connection between macroeconomics and microeconomics, the power paradigm provides valuable insights into real-world economic issues.
Drawing from classical, neoclassical, and institutional economics, the book explores the historical development of economic thought in China and its impact on economic development. It sheds light on distribution processes and argues that enterprise contracts, market pricing, policies, laws, and regulations can all be categorized as interest distribution mechanisms influenced by various power games.
The power paradigm posits that for optimal resource allocation and full utility to be achieved, power reciprocity needs to be shared among different economic agents at the same hierarchical level. It emphasizes the equivalence of power and responsibility for each economic agent, ensuring fair and equitable outcomes.
This book appeals to research students and academics interested in heterodox economics, pluralist approaches, institutional economics, and game theory. It offers a comprehensive exploration of power dynamics and their implications for resource allocation, providing a valuable contribution to the field of economics.
Weight: 610g
Dimension: 234 x 156 (mm)
ISBN-13: 9780367654696
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