A pioneer work which proves the role of morality in economy. Breaking through the old concepts by introducing “morality” into economics, defining it as the third regulation power surpassing market and government.
About the Author
Li Yining, professor of economics and honorary dean of Peking University Guanghua School of Management, is a highly regarded economist who has been involved in economic reforms in China. He is credited as developing an imbalanced economy theory that used research on economic practices between China and other countries. A preeminent proponent of market economy, Professor Li’s theories have had an enormous influence on China’s economic reform policy over the last three decades.
Chapter 1 The Issue of Regulation by Custom and Morality
1.1 Historical Review
1.2 Non-traded Sector
1.3 Between the“Visible Hand”and the“Invisible Hand”
1.4 Moral Standards and the All-round Development of the Person
Chapter 2 Efficiency and Coordination
2.1 The True Source of Efficiency
2.2 Coordination and Adaptation
2.3 Mutual Relief and Efficiency Improvement
2.4. The Moral Basis of Efficiency
Chapter 3 Fairness and Identification
3.1 A Deeper Understanding of Fairness
3.2 Meaning of Identification
3.3 The Relationship Between Fairness and Identification
3.4 Identification and Mutual Understanding and Accommodation
Chapter 4 Law and Self-Discipline
4.1 Market, Government and Law
4.2 Custom, Morality and Law
4.3 Further Discussion on Self-discipline
4.4 Moral Inspiration
Chapter 5 The Third Distribution
5.1 Overview of the Third Distribution
5.2. The Role of the Third Distribution in Coordinated Social Development
5.3 The Third Distribution and the Relation Between Generations
5.4 Trend of the Third Distribution
Chapter 6 Moral Checks and Balances in
Socio-economic Operation
6.1 Restriction and Oversight Mechanism
6.2 Selection and Competition
6.3 Belief and Social Check and Balance
6.4. Safety Valves in
