Marktvorming en geïsoleerde handel

Rede, uitgesproken bij de officiële aanvaarding van het ambt van gewoon hoogleraar in de bedrijfseconomie aan de economische faculteit van de Universiteit van Indonesië te Djakarta op 14 Mei 1954. (Door bijzondere omstandigheden heb ik deze rede eerst ruim 11/2 jaar later kunnen uitspreken dan in mijn bedoeling lag).     

Max Ma:属于人们内心的宫廷舞步

2013年1月5日,"盛装舞步"——Max Ma 2013油画个展在上海新天地壹号会所开幕。这位在西班牙、法国、香港享有盛誉的沪上艺术家MaxMa,携其近年创作的作品惊艳亮相。众观者云,这是一场属于每个人内心的宫廷舞会。一句"好久不见",拉开了个展的帷幕,我们便站在了顶天立地的钢筋森林版的"荷塘"面前聊天,这是海内外著名艺术家MaxMa历时一个月的新作《雕刻光阴》。     

Aspecten Van Het Continuïteitsbegrip In De Economische Analyse

Openbare les gehouden bij het aanvaarden van het ambt van lector in de bedrijfs-huishoudkunde aan de Universiteit van Amsterdam op dinsdag 3 april 1962.     

Japan＇s Bubble,the USA＇s Bubble and China＇s Bubble

This paper compares the three recent episodes of boom and bust cycles in asset prices: Japan in the late 1980s to the 1990s; the USA since the mid‐1990s; and China during the past decade. Although we have not yet seen a collapse of Chinese property prices, their increases so far are comparable to those in the other two episodes and a careful comparative study is warranted. The present paper first examines the behavior of asset prices, of property prices in particular, in the three cases, and highlights some similarities. The paper emphasizes the role played by extremely easy monetary policy in generating bubble‐like asset price behavior in the three cases. The reason for easy monetary policies is investigated. In the US case, the monetary authority was concerned about the risk of deflation in the early to mid‐2000s. The experiences of Japan and China are quite similar in that the monetary authorities of both countries were seriously concerned about the possible deflationary effects of exchange rate appreciation on the economy. The implications of such a finding for the future of Chinese macroeconomic policy are discussed.     

What＇s So Special about China＇s Exports？

I. Introduction The phenomenal performance of China constitutes the great economic miracle of the last quarter century. China’s economy has expanded by leaps and bounds, at historically unprecedented rates that few economists would have found plausible or feasible ex ante. More importantly, this growth has lifted hundreds of millions of people from deep poverty and has helped improve health, education and other social standards. China has accomplished all this using its own brand of experime…