Known internationally as 'Mr Share Holding', the economist Li Yining has had a transformative impact on China's economic transition, most notably as an early advocate of ownership reforms in the state and other non-private sectors and in his promotion of shareholding theory, initiating the drive towards a modern corporate system in China. The thinking behind these and other landmark contributions that have helped to reshape China are featured in Economic Reform and Development in China, a collection of sixteen influential papers written and published during the reform period, from 1980 to...

This book explores how moral factors exert influence on economy from an economic and philosophical point of view. The book takes an in-depth look at topics such as efficiency and coordination, fairness and identification, law and self-discipline and the third distribution, which have long been the focus of public attention. As expounded in this book, in places where regulation by market or government does work, there are still some gaps that the two modes of regulation cannot reach owing to the limitations of their influence. Each does compensate for the other s limitations, but only up to a...