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2018 | OriginalPaper | Chapter

1. A General Theory Review

Author : Jun Du

Published in: Agricultural Transition in China

Publisher: Springer International Publishing

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Abstract

Chapter 1 reviews literatures on agricultural growth and China’s food sector performance chronologically from classical economics to neoclassical economics. Neoclassical paradigm relies on some critical hypotheses such as ‘instant market clearance’, ‘relative factor price change-induced factor flow’ and ‘perfect market institutions’. This chapter raises key research questions that, if critical hypotheses do not hold in East Asia’s empirical studies, indicate how technology change could happen under complex market institutions and in what form.

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next chapter Economic Thinking on Chinese Agriculture

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Title: A General Theory Review
Author: Jun Du
Publisher: Springer International Publishing
Book: Agricultural Transition in China
Print ISBN: 978-3-319-76904-2

Electronic ISBN: 978-3-319-76905-9

Copyright Year: 2018
DOI: https://doi.org/10.1007/978-3-319-76905-9_1

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