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Beyond Market and Government

Influence of Ethical Factors on Economy

  • Book
  • © 2015

Overview

Authors:
  1. Yining Li

    1. Guanghua School of Management, Peking University, Beijing, China

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  • Raises public awareness of the importance of moral factors in social and economic life
  • Helps the reader make better judgment calls in the face of changing market conditions and economic policies
  • One of the masterpieces by Dr. Li Yining’s that best reflect his academic standpoint
  • Includes supplementary material: sn.pub/extras

Part of the book series: China Academic Library (CHINALIBR)

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Table of contents (7 chapters)

  1. Front Matter

    Pages i-xiv
    Download chapter PDF

  2. The Issue of Regulation by Custom and Morality

    • Yining Li
    Pages 1-22

  3. Efficiency and Coordination

    • Yining Li
    Pages 23-54

  4. Fairness and Identification

    • Yining Li
    Pages 55-75

  5. Law and Self-Discipline

    • Yining Li
    Pages 77-97

  6. The Third Distribution

    • Yining Li
    Pages 99-116

  7. Moral Checks and Balances in Socioeconomic Operation

    • Yining Li
    Pages 117-141

  8. Moral Renewal and Socioeconomic Development

    • Yining Li
    Pages 143-175

  9. Back Matter

    Pages 177-182
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Keywords

About this book

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 point. The gap can only be filled by custom and morality. In this sense, regulation by custom and morality can be viewed as a regulatory mode beyond market and government. In a market economy, market regulation of resource allocation as a basic mode can be called “primary regulation” and government regulation, as a high-level mode, “secondary regulation.” Regulation that relies on the force of custom and morality, a regulation beyond market and government, can be called “the third regulation.” A variety of causes can give rise to market failure or government paralysis, rendering regulation by market or government ineffective or extremely limited. But even in such circumstances, custom and morality still exist and continue working as normal. What affects resource allocation, socio-economic operations and living standards is not just the power of market or government, but that of custom and morality. This book is one of the three published writings that best reflect Professor Li Yining’s academic standpoint. Although written in economic language, the book also incorporates sociology, history and philosophy and will help the reader make better judgment calls in the face of changing market conditions and economic policies.

Authors and Affiliations

  • Guanghua School of Management, Peking University, Beijing, China

    Yining Li

Bibliographic Information

  • Book Title: Beyond Market and Government

  • Book Subtitle: Influence of Ethical Factors on Economy

  • Authors: Yining Li

  • Series Title: China Academic Library

  • DOI: https://doi.org/10.1007/978-3-662-44254-8

  • Publisher: Springer Berlin, Heidelberg

  • eBook Packages: Humanities, Social Sciences and Law, Political Science and International Studies (R0)

  • Copyright Information: Foreign Language Teaching and Research Publishing Co., Ltd and Springer-Verlag Berlin Heidelberg 2015

  • Hardcover ISBN: 978-3-662-44253-1Published: 26 September 2014

  • Softcover ISBN: 978-3-662-51508-2Published: 23 August 2016

  • eBook ISBN: 978-3-662-44254-8Published: 16 September 2014

  • Series ISSN: 2195-1853

  • Series E-ISSN: 2195-1861

  • Edition Number: 1

  • Number of Pages: XIV, 182

  • Topics: International Political Economy, Economic Growth

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