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2020 | OriginalPaper | Buchkapitel

1. Real-World Economics: Coase’s Methodology of Economics and Its Application in China

verfasst von : Qiren Zhou

Erschienen in: Property Rights and Changes in China

Verlag: Springer Singapore

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Abstract

Volume 1 of Case Studies in China’s Institutional Change (Zhang Shuguang, 1996), a research project by Unirule Institute of Economics (UIE) has been published. A notable feature of these fruits, i.e. the application of many new economics developments since the emergence of Ronald Coase to China’s recent institutional evolution, has drawn wide attention. The research also systematically applies the methods of Coase Economics to China, yet this point has so far not been noticed by critics. This paper discusses the methodological approach for this research and shares the author’s take on the methods in Coase Economics.

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Fußnoten
1
Zhang (1996).
 
2
One friend of Coase recalls that he wrote to him in the early 1940s, “I can’t believe that I have done such important work in my life” (Coase 1988: 23).
 
3
Cheung (1983).
 
4
Coase (1937: 33).
 
5
Coase (1988: 24).
 
6
Coase (1988: 24).
 
7
Coase (1988: 1–3).
 
8
Coase (1988: 24).
 
9
Zhang (1996: Chapter 3).
 
10
Zhang (1996: Chapter 7).
 
11
Zhang (1996: Chapter 1).
 
12
Zhang (1996: Chapter 2).
 
13
Coase (1988: 24).
 
14
Zhang (1996: 311).
 
15
Zhang (1996: Chapter 6).
 
16
Zhang (1996: 167).
 
17
Zhang (1996: 157).
 
18
Zhang (1996: 182).
 
19
Zhang (1996: 19).
 
20
Zhang (1996: 182).
 
21
Zhang (1996: 19).
 
22
Zhang (1996: Chapters 6 and 9).
 
23
Coase (1937).
 
24
Zhang (1996: Chapter 1).
 
25
Zhang (1996: Chapter 2).
 
26
Zhang (1996: Chapter 5).
 
27
Zhang (1996: Chapter 4 and 7).
 
28
Zhang (1996: Chapter 8 and 9).
 
29
Zhang (1996: 172).
 
30
Zhang (1996: Chapter 5).
 
31
Zhang (1996: 53).
 
32
Lin (1989).
 
33
Zhou (1995).
 
34
Zhang (1996: 80–81).
 
35
Zhang (1996: 6).
 
36
Robbins (1932).
 
37
Friedman (1953).
 
38
Coase (1988: 24).
 
39
von Hayek (1952).
 
Literatur
Zurück zum Zitat Cheung, Steven N.S. 1983. The Contractual Nature of the Firm. Journal of Law and Economics 26 (1): 1–21. Cheung, Steven N.S. 1983. The Contractual Nature of the Firm. Journal of Law and Economics 26 (1): 1–21.
Zurück zum Zitat Coase, R.H. 1988. The Nature of the Firm: 1. Origin, 2. Meaning, 3. Influence. Journal of Law, Economics, and Organization 4 (1) (Spring): 3–47. Coase, R.H. 1988. The Nature of the Firm: 1. Origin, 2. Meaning, 3. Influence. Journal of Law, Economics, and Organization 4 (1) (Spring): 3–47.
Zurück zum Zitat Friedman, Milton. 1953. The Methodology of Positive Economics. In Essays in Positive Economics. Chicago: University of Chicago Press. Friedman, Milton. 1953. The Methodology of Positive Economics. In Essays in Positive Economics. Chicago: University of Chicago Press.
Zurück zum Zitat Lin, Justin Yifu. 1989. An Economic Theory of Institutional Change: Induced and Imposed Change. The Cato Journal 9 (1): 1–33. Lin, Justin Yifu. 1989. An Economic Theory of Institutional Change: Induced and Imposed Change. The Cato Journal 9 (1): 1–33.
Zurück zum Zitat Robbins, Lionel. 1932 (1935, 2nd ed.). An Essay on the Nature and Significance of Economic Science. London: Macmillan. Robbins, Lionel. 1932 (1935, 2nd ed.). An Essay on the Nature and Significance of Economic Science. London: Macmillan.
Zurück zum Zitat von Hayek, Friedrich August. 1952. The Counter-Revolution of Science: Studies in the Abuse of Reason. Glencoe, IL: The Free Press. For translated Chinese version, see translation by Feng, Keli, Yilin Press, 2003. von Hayek, Friedrich August. 1952. The Counter-Revolution of Science: Studies in the Abuse of Reason. Glencoe, IL: The Free Press. For translated Chinese version, see translation by Feng, Keli, Yilin Press, 2003.
Zurück zum Zitat Zhang, Shuguang (ed.). 1996. Case Studies of Institutional Change in China, Vol. 1. Shanghai People’s Press. Zhang, Shuguang (ed.). 1996. Case Studies of Institutional Change in China, Vol. 1. Shanghai People’s Press.
Zurück zum Zitat Zhou, Qiren. 1995. Rural Reform: a Retrospective of an Institutional Change. China Social Science Quarterly (Hong Kong) (6). Zhou, Qiren. 1995. Rural Reform: a Retrospective of an Institutional Change. China Social Science Quarterly (Hong Kong) (6).
Metadaten
Titel
Real-World Economics: Coase’s Methodology of Economics and Its Application in China
verfasst von
Qiren Zhou
Copyright-Jahr
2020
Verlag
Springer Singapore
DOI
https://doi.org/10.1007/978-981-15-9885-2_1

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