IDEAS home Printed from https://ideas.repec.org/a/eee/chieco/v69y2021ics1043951x21000924.html
   My bibliography  Save this article

Problem-oriented approach to political economy

Author

Listed:
  • Liu, Shouying
  • Xiong, Xuefeng

Abstract

The research paradigm of economics in China is facing great changes. In this article, we analyzed that dilemma of China's current major economics paradigms was inability to analyze and solve the economic problems for the neglect the importance of problem-oriented. The analysis on the two great flourishes of economics shows that theoretical innovation based on the problem-oriented approach in these two periods provide economic explanation for China's historical transformation. Chinese economists should adhere to the problem-oriented approach by generalizing typical facts, analyzing system characteristics, using modern economic analysis tools and producing original economic theories formed with uniqueness refined from major issues.

Suggested Citation

  • Liu, Shouying & Xiong, Xuefeng, 2021. "Problem-oriented approach to political economy," China Economic Review, Elsevier, vol. 69(C).
    • Handle: RePEc:eee:chieco:v:69:y:2021:i:c:s1043951x21000924
    DOI: 10.1016/j.chieco.2021.101674
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S1043951X21000924
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.chieco.2021.101674?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Coase, R H, 1988. "The Nature of the Firm: Meaning," The Journal of Law, Economics, and Organization, Oxford University Press, vol. 4(1), pages 19-32, Spring.
    2. Geoffrey M. Hodgson, 1999. "Evolution and Institutions," Books, Edward Elgar Publishing, number 1481.
    3. Philip A. Klein, 1974. "Economics: Allocation or Valuation?," Journal of Economic Issues, Taylor & Francis Journals, vol. 8(4), pages 785-811, December.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Argyres, Nicholas S. & Liebeskind, Julia Porter, 2002. "Governance inseparability and the evolution of US biotechnology industry," Journal of Economic Behavior & Organization, Elsevier, vol. 47(2), pages 197-219, February.
    2. Mauricio G. Villena & Marcelo J. Villena, 2004. "Evolutionary Game Theory and Thorstein Veblen’s Evolutionary Economics: Is EGT Veblenian?," Journal of Economic Issues, Taylor & Francis Journals, vol. 38(3), pages 585-610, September.
    3. Séguin Dulude, Louise, 1986. "Quelques réflexions sur la complémentarité des approches marginaliste et managériale," L'Actualité Economique, Société Canadienne de Science Economique, vol. 62(2), pages 157-165, juin.
    4. MacLeod, W. Bentley, 1992. "Les contrats auto-exécutoires et la théorie des institutions du marché du travail," L'Actualité Economique, Société Canadienne de Science Economique, vol. 68(3), pages 433-451, septembre.
    5. Eitan Goldman & Gary Gorton, 2000. "The Visible Hand, the Invisible Hand and Efficiency," NBER Working Papers 7587, National Bureau of Economic Research, Inc.
    6. Gatignon, Aline & Gatignon, Hubert, 2010. "Erin Anderson and the Path Breaking Work of TCE in New Areas of Business Research: Transaction Costs in Action," Journal of Retailing, Elsevier, vol. 86(3), pages 232-247.
    7. Wang Ning, 2018. "Law and the Economy: An Introduction to Coasian Law and Economics," Man and the Economy, De Gruyter, vol. 5(2), pages 1-13, December.
    8. David Moroz, 2005. "Production of Scientific Knowledge and Radical Uncertainty: The Limits of the Normative Approach in Innovation Economics," European Journal of Law and Economics, Springer, vol. 20(3), pages 305-322, November.
    9. Miklós Antal & Ardjan Gazheli & Jeroen C.J.M. van den Bergh, 2012. "Behavioural Foundations of Sustainability Transitions. WWWforEurope Working Paper No. 3," WIFO Studies, WIFO, number 46424.
    10. Gráinne Collins, 2003. "The Economic Case for Mergers: Old, New, Borrowed, and Blue," Journal of Economic Issues, Taylor & Francis Journals, vol. 37(4), pages 987-998, December.
    11. Per L. Bylund, 2015. "Signifying Williamson's Contribution to the Transaction Cost Approach: An Agent-Based Simulation of Coasean Transaction Costs and Specialization," Journal of Management Studies, Wiley Blackwell, vol. 52(1), pages 148-174, January.
    12. Christian Barrère, 2007. "Towards an Economic and Substantivist Theory of Heritage [Vers une théorie économique substantiviste du patrimoine]," Post-Print hal-02615269, HAL.
    13. Sebastian Berger & Wolfram Elsner, 2007. "European Contributions to Evolutionary Institutional Economics: The Cases of ‘Cumulative Circular Causation’ (CCC) and ‘Open Systems Approach’ (OSA). Some Methodological and Policy Implications," Journal of Economic Issues, Taylor & Francis Journals, vol. 41(2), pages 529-537, June.
    14. Neil Hart, 2003. "Marshall’s Dilemma: Equilibrium versus Evolution," Journal of Economic Issues, Taylor & Francis Journals, vol. 37(4), pages 1139-1160, December.
    15. Aaron Steelman, 1999. "Book Review: The Story of American Freedom by Eric Foner," Cato Journal, Cato Journal, Cato Institute, vol. 18(3), pages 473-477, Winter.
    16. Alice Sindzingre, 2021. "Fixation of Belief and Membership: A Contribution to the Understanding of the Detrimental Outcomes of Institutions," Post-Print halshs-03625238, HAL.
    17. N. Yu. Zamyatina & A. N. Pilyasov, 2017. "Concept of proximity: Foreign experience and prospects of application in Russia," Regional Research of Russia, Springer, vol. 7(3), pages 197-207, July.
    18. Juan Manuel Candelo-Viáfara & Carlos Hernán Gonzáles-Campo, 2022. "Efecto de la incertidumbre en las organizaciones del mercado accionario: una herramienta para la toma de decisiones y la inteligencia organizacional," Estudios Gerenciales, Universidad Icesi, vol. 38(162), pages 57-68, March.
    19. Chris D'Souza & Jane Voll, 2021. "Qualitative Field Research in Monetary Policy Making," Discussion Papers 2021-1, Bank of Canada.
    20. Malcolm Rutherford, 2001. "Institutional Economics: Then and Now," Journal of Economic Perspectives, American Economic Association, vol. 15(3), pages 173-194, Summer.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:chieco:v:69:y:2021:i:c:s1043951x21000924. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/chieco .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.