Titlebook: Vision and Calculation; Economics from China Sheng Hong Book 2020 The Editor(s) (if applicable) and The Author(s), under exclusive license

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单调女

A General Theory of Rent-Seeking: Rent Dissipating, Rent Keeping, and Rent-Seeking,rent equals “income.” That said, when no exclusive right exists to the rent, regardless of whether naturally or artificially generated, the phenomenon of “rent dissipation” exists. Rent dissipation emerges when the price, quantity, or entry in a state of market equilibrium by the government is regul

Landlocked

Medical Insurance Paradox: A Hypothesis on Medical Price Increases in Proportion to Copayment Rate ce signal, coupled with the monopoly nature of medical institutions, the following paradox of medical insurance arose: medical prices increase proportionally with decreases in the copayment rate. This paradox indicates that health insurance may eventually magnify rather than reduce the cost of illne

手榴弹

不能强迫我

Religious Person and His or Her Implication in Institutions, this system of heteronomy still faces the problem of failing to restrict the highest practical power. More generally, as long as an economic person exists, no entirely effective system of heteronomy exists that can restrict power without omission. We must resort to human self-discipline. Unlike eco

卜闻

On the Theological Coordinates of Economics, much confusion. The purpose of this chapter is to clearly point out that economics has a theological coordinate, and because space-time is infinite and multidimensional, there is no cost. However, in this theological coordinate, rules exist to promote cost savings because, in any part, space-time a

使长胖

Book 2020red include families in traditional China, land permanent tenancy system, changes of land institutions since modern times, rationality of specialized market, similarities and differences between rent and tax, the role of contracts change in the China‘s reform, analysis of Asian financial crisis and

工作

Book 2020ctions and cities, the religious man who is different from the economic man, and theological coordinates of economics. This book provides a nuanced analysis using a China-styled economic approach for scholars while also allowing lay people to enhance their knowledge of China through the stories and cases presented. .

无价值

On the Homogeny, Separation, and Substitution of Rent and Tax,x and the right to collect rents may receive returns by substituting one for another. “County competition,” described by Steven Cheung as a kind of competition in land prices, in fact is competition on tax rates. This kind of competition is efficient as long as land trade follows market rules; otherwise, it is not efficient.

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How Should the Institutions Change?,trade of land. This comparison tells us that institutional change can be efficient as long as agents participate voluntarily, while a reform based on coercion, no matter how great and noble its goal, must lead to retrogression.