Titlebook: Vision and Calculation; Economics from China Sheng Hong Book 2020 The Editor(s) (if applicable) and The Author(s), under exclusive license

crutch

SIT

When Public Goods Become Private Goods, exclusiveness costs or their combinations change, related institutions may have to change as well. This approach shows that choices of property rights institution are best made not on the basis of ideological inclination but based on costs which affect the public or private nature of goods.

groggy

Hedge Funds, Financial Markets, and Nation-States,is is similar to monopoly. To prevent the world falling into another Great Depression, international agencies should regulate manipulation. This requires the unanimous consent of most countries, especially the dominant ones.

提升

A General Theory of Rent-Seeking: Rent Dissipating, Rent Keeping, and Rent-Seeking,ated. In this situation, economic entities create exclusive rights to the dissipated rent through voluntary contracts, which is called rent keeping—a way to reduce rent dissipation efficiently and fairly. However, for government powers to exclusively grab dissipated rent is, in general, inefficient and unfair.