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.
This article was originally published in China Social Sciences Quarterly (Hong Kong), Issue No. 2 (1997).
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Notes
- 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).
References
Cheung, Steven N.S. 1983. The Contractual Nature of the Firm. Journal of Law and Economics 26 (1): 1–21.
Coase, R.H. 1937. The Nature of the Firm. Economica 4: 386–405.
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.
Friedman, Milton. 1953. The Methodology of Positive Economics. In Essays in Positive Economics. Chicago: University of Chicago Press.
Lin, Justin Yifu. 1989. An Economic Theory of Institutional Change: Induced and Imposed Change. The Cato Journal 9 (1): 1–33.
Robbins, Lionel. 1932 (1935, 2nd ed.). An Essay on the Nature and Significance of Economic Science. London: Macmillan.
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.
Zhang, Shuguang (ed.). 1996. Case Studies of Institutional Change in China, Vol. 1. Shanghai People’s Press.
Zhou, Qiren. 1995. Rural Reform: a Retrospective of an Institutional Change. China Social Science Quarterly (Hong Kong) (6).
Author information
Authors and Affiliations
Corresponding author
Rights and permissions
Copyright information
© 2020 Peking University Press and Springer Nature Singapore Pte Ltd.
About this chapter
Cite this chapter
Zhou, Q. (2020). Real-World Economics: Coase’s Methodology of Economics and Its Application in China. In: Property Rights and Changes in China. Springer, Singapore. https://doi.org/10.1007/978-981-15-9885-2_1
Download citation
DOI: https://doi.org/10.1007/978-981-15-9885-2_1
Published:
Publisher Name: Springer, Singapore
Print ISBN: 978-981-15-9884-5
Online ISBN: 978-981-15-9885-2
eBook Packages: Economics and FinanceEconomics and Finance (R0)