Guide the Construction of Ecological Province of China with the Ecological Economics Theory

A major issue in China‘s present ecological economic construction is to build the ecological province. In March of 1999,Hainan Province of China proposed setting up the first ecological province and was accredited by the Bureau of State Environment Protection as the pilot project. Up to now for only four years, Hainan, Jilin, Heilongjiang, Fujian, Zhejiang,Shandong, Anhui, Jiangsu, eight provinces in the wholecountry, having launched the establishment of the ecological province. Meanwhile, the provinces such as Shaanxi, Hebei,     

Institutionalism and the “Common Man” Through the Lens of Philip Klein: Business Cycles,the Public Sector,and Keynes’s Economics

This article reviews and assesses Philip Klein’s work on business cycles and macroeconomics, the public sector, and the economics of John Maynard Keynes. The article makes several findings. First, Klein built on the pioneering efforts of Wesley Mitchell to advance the development of cycle indicators and to outline an eclectic theory of cycles that remains useful for synthesizing a broad literature. Second, Klein’s essays on macroeconomics contain enduring discussions of the malleability of the “natural” rate of unemployment and the value of a behavioral approach to expectations. Third, he refocused the institutionalist attention on the public sector by introducing “higher efficiency” and other concepts to help explain how government policy plays a role in economic life. Fourth, Klein emphasized the role of fiscal policy in moderating business cycles. Fifth, his work points in the direction of today’s post-Keynesian institutionalism, both by stressing that Keynes was “profoundly institutionalist” in his approach and by arguing that conjoining Keynes and institutionalism would provide a stronger foundation for macroeconomic theory and policy.     

Eco-economic research and construction of harmonious society in China：a survey of the 7^th Biennial Conference of Chinese Ecological Economics Society,2006

The 7th Biennial Conference of Chinese Ecological Economics Society （CEES） was held from 5th to 7th, Nov.2006 in Qingdao University. The paper summarizes the major viewpoint presented at the conference： eco-economicresearch and construction of a harmonious society in China. The conference put forward that it is an objectivity andinevitability for human being to enter the harmonious society, that eco-economics is one of the theoretical bases for theconstruction of the harmonious society, and that the research of eco-economics in China should reflect new contentsdeveloped in the process of modernization in China and make proper contributions to the construction of the harmonioussociety.     

Quantificational Study on Carrying Capacity of the Regional Environment -Taking the City of Dalian as an Example

With the analysis of the connotation and charter of the regional environment＇s carrying capacity, this paper, firstly, establishes the index system on the base of the affecting factors. Secondly, this paper discusses the methods of the quantization of the environment＇s carrying capacity of Dalian. Finaly; this paper predicts the changing tendency of the environment＇s carrying capacity.     

Four Decades of the Economics of Happiness: Where Next?

There has been explosive growth in the analysis of subjective well‐being in Economics over the past 40 years. This article reviews some of this growth, and suggests a number of domains in which future research may proceed.     

Development of resource-conserving society：from the perspective of circular economy

The purpose of building a resource-conserving society is to pursuit less resource consumption and less environmental pollution,and to accept greater economic and social benefits,and the ultimate goal is to ensure sustainable use of resources and economic and social sustainable development.Developing circular economy is the inevitable choice and the basic way to build a resource-conserving society.Recycling economy is a resource-conserving production,initiate resource-conserving consumption,and it is the key to build resource-conserving society.This study tries to clarify the relationship between them and bring forward a scientific index system which can measure the development level of a resource-conserving society.It provides a new set of ideas for the evaluation of resourceconserving society,and it is important for the resource-conserving society assessment and construction,while further empirical research is made on China＇s eastern coastal Shandong Province.     

What is Heterodox Economics? Conversations with Historians of Economic Thought

Since its intellectual inception, the development of the economics discipline has been accompanied by divergence of thought. Through the years, particularly in the latter half of the twentieth century, a fissure has emerged within the discipline, sociologically dividing conventional, mainstream economics from the dissention of heterodox economics. The nature of that division, however, as well as the nature of heterodox thought is unclear. Historians of economic thought would seem to be uniquely suited to specify the nature of heterodox economics and the mechanism of its marginalization. Although anecdotal, personal interviews with historians of economic thought provide a breadth and depth of study not available through surveys with an immediacy not allowed by doctrinal examination. The purpose of this study and intent of this paper is to reveal the ways that orthodox and heterodox economics differ, whether heterodox economics has any clear research program other than criticizing the limits of the more orthodox view, and what aspects of heterodox economics remain underdeveloped, all through the lens of the historian of economic thought.     

What is Heterodox Economics? Conversations with Historians of Economic Thought

Since its intellectual inception, the development of the economics discipline has been accompanied by divergence of thought. Through the years, particularly in the latter half of the twentieth century, a fissure has emerged within the discipline, sociologically dividing conventional, mainstream economics from the dissention of heterodox economics. The nature of that division, however, as well as the nature of heterodox thought is unclear. Historians of economic thought would seem to be uniquely suited to specify the nature of heterodox economics and the mechanism of its marginalization. Although anecdotal, personal interviews with historians of economic thought provide a breadth and depth of study not available through surveys with an immediacy not allowed by doctrinal examination. The purpose of this study and intent of this paper is to reveal the ways that orthodox and heterodox economics differ, whether heterodox economics has any clear research program other than criticizing the limits of the more orthodox view, and what aspects of heterodox economics remain underdeveloped, all through the lens of the historian of economic thought.

The Economics of Ageing—What Do We Face?

We, as taxpayers, face challenging problems in assisting the well-being of old people mainly because preparing for and living through old age is a risky business. Through government, taxpayers can provide some insurance against the risks of old age, especially the risk of bad health and the risk of a long life. However, the ageing population suggests that maintaining this support will require increased taxation. This article quantifies this challenge for Australia and concludes that although increased taxation may be required it will be easily affordable from the much higher incomes generally received due to the secular increase in productivity.     

Institutional Economics and Chock-Full Employment: Reclaiming the “Right to Work” as a Cornerstone of Progressive Capitalism

In the United States, the “right to work” originally referred to a progressive call for the right to employment. For example, from the perspective of John R. Commons, the right to work included “the right of the unemployed to have work furnished by the government.” For Commons, that right was a logical outgrowth of Americans’ constitutional rights to life and liberty, “the next great human right.” This article reviews Commons’s right-to-work stance, the history of federal efforts to establish government as employer of last resort, and some key postwar institutionalist contributions to the literature on achieving jobs for all. Then it presents the case for reclaiming the right to work as a cornerstone of progressive capitalism.     

The Reinhart-Rogoff controversy as an instance of the ‘emerging contrary result’ phenomenon

The article proposes a new approach to the Reinhart–Rogoff affair. In contrast to the two explanations of the controversy put forward in existing literature, I argue that Growth in a Time of Debt and its criticism published by Herndon, Ash and Pollin (Does high public debt constantly stifle economic growth? A critique of Reinhart and Rogoff) exemplify the ‘emerging contrary result’ phenomenon (emerging recalcitrant result, ERR). Three arguments support this hypothesis. First, the infamous spreadsheet error did not cause the findings to differ. On the contrary, the results differed mostly due to employing alternative averaging schemes. Second, the cliometric techniques employed by both research teams are justified to a similar degree. Third, the pattern in the cliometric literature focused on the 90%-threshold hypothesis suggests that the Reinhart–Rogoff controversy exemplifies an ERR phenomenon caused by submission/publication bias.     

Minsky Goes to Buffalo—and Takes on the Economics Establishment

This essay is based on remarks presented by the author at The Fourth Bi-Annual Cross-Border Post Keynesian Conference, Buffalo State College, on October 9, 2009. It addresses the economic challenges facing Buffalo, New York, and countless other American cities, especially in the Northeast and Midwest; draws on the writings of Hyman Minsky to offer an interpretation of what many now call the Great Recession, which began in late 2007; and challenges the image of Minsky presented by mainstream economists and journalists, with special attention to a recent lecture by Paul Krugman. The essay closes by returning to Buffalo, where—as Minsky anticipated in the 1990s—the economic fate of working families depends largely on the outcome of a national struggle over the shape of future U.S. economic transformation.     

On the Market for Principles of Economics Textbooks: Innovation and Product Differentiation—A Response

E. A. Ross was fired from Stanford University in 1900 because he had angered Jane L. Stanford, the surviving cofounder of the university, for violating her alleged prohibition of faculty participation in partisan political activity. The author argues that this prohibition may never have been written and that the injustice in the firing of Ross may have been compounded by deception.     

Minsky Goes to Buffalo—and Takes on the Economics Establishment

This essay is based on remarks presented by the author at The Fourth Bi-Annual Cross-Border Post Keynesian Conference, Buffalo State College, on October 9, 2009. It addresses the economic challenges facing Buffalo, New York, and countless other American cities, especially in the Northeast and Midwest; draws on the writings of Hyman Minsky to offer an interpretation of what many now call the Great Recession, which began in late 2007; and challenges the image of Minsky presented by mainstream economists and journalists, with special attention to a recent lecture by Paul Krugman. The essay closes by returning to Buffalo, where—as Minsky anticipated in the 1990s—the economic fate of working families depends largely on the outcome of a national struggle over the shape of future U.S. economic transformation.     

Optimal auction with resale—a characterization of the conditions

Zheng has proposed a seller-optimal auction for (asymmetric) independent-private-value environments where inter-bidder resale is possible. Zheng’s construction requires novel assumptions—Resale Monotonicity, Transitivity, and Invariance—on the bidders’ value distribution profile. The only known examples of distribution profiles satisfying these assumptions in environments with three or more bidders are uniform distributions. Using inverse virtual valuation functions as a novel tool, we characterize the set of distribution profiles satisfying Zheng’s assumptions. Our characterization result shows that the assumptions, while being strong, are satisfied by many non-uniform distribution profiles. Hence, Zheng’s result applies more generally than one may have thought before. A crucial step in our analysis is to show that Invariance implies Resale Monotonicity and Transitivity.     

Response to the Comment: “What is Heterodox Economics? Conversations with Historians of Economic Thought”

The comment to “What is Heterodox Economics? Conversations with Historians of Economic Thought” spotlights critical issues in the possibility and probability of articulation and proposes a compelling argument in the explanation of the “inability of heterodoxy to define itself...” The core argument suggests that heterodox groups of economic thought cannot successfully articulate the nature of its varied programs until it recognizes and articulates the metaphysically and ontologically different system of knowledge which serves as the foundation for heterodox thought.