| Birth Place： | 香港西湾河太富街十二号二楼 | ||
Read works of Zhang Wuchang at 百家争鸣 | |||
张五常Professor Zhang Wuchang of modern economics, new institutional economics and one of the founders of modern property rights. He was born in 1935 in Hong Kong, Sino-Japanese War he joined the parents to Guangxi to asylum, see and hear the hardship of rural mainland China, since small countries want China to prosperity and happiness of the people. His book "Theory of Share Tenancy," Political Economy, University of Chicago Award.
Steven Cheung - Experience
1935 - In Hong Kong, Fu Street, Tai was born on the 12th floor.
1938 - to her kindergarten next door, the teacher Jiaowu girl, the same school his older brother.
1941 - Japanese occupation of Hong Kong in December, after the first of Macao, the Huizhou, Qujiang (now Shaoguan), the last refuge to Guilin, Liuzhou and other places.
1945 - after returning from school in Foshan, Guangdong Ying College, learning not join the test, then downgrade studies, and finally expelled.
1948 - Wanchai, Hong Kong College student.
1952 - Queen's College in Hong Kong attended the first year, repeat, repeat one year after the Chinese still did pass by one point, they have been expelled.
1954 - Father of the Man in Hong Kong to the line of work, learning photography.
1954 - Toronto, Canada went to school, to no avail, had been involved in photography.
1959 - University of California at Los Angeles studying business, after the transfer to the economy.
1961 - graduate school, teacher He Shula hair.
1963 - Ph.D., Ph.D. qualification interview, however, tutors He Shula made the founder of modern industrial economics Alchian.
1967 - PhD thesis at the University of Long Beach, "Theory of Share Tenancy", in the same year to the University of Chicago to do postdoctoral research.
1969 - Go to the University of Washington in Seattle and was later appointed professor.
1982 - Department of Finance Department of Economics, University of Hong Kong.
2000 - retired. And started the writing.
2002 - repeat visit to the University of speech, set off in mainland China, "Zhang Wuchang hot."
2003 - by the U.S. government who were wanted for alleged tax evasion, a lawyer, sued the U.S. government.
2008 - The Ronald ‧ Coase (Roland. H. Coase, 1910 -) wrote a small book with great acclaim.
Steven Cheung - man and his deeds
1959 Steven Cheung, Steven Cheung University of California study into the
However, this is only one aspect of Zhang Wuchang, on the other hand, Zhang Wuchang is the world's best economics, Chinese essayist, and his "orange were made to sell" all the rage; he is a famous photographer, with the famous Hong Kong Kan photographer one to compete with others; well aware of his art of calligraphy, in talking about China when the various factions of the art of calligraphy is really flamboyant, pleasure, feeling full of the table.
PhD thesis, blockbuster
1959, Zhang Wuchang enter the United States the University of California, Los Angeles, early 1966, Zhang Wuchang of "Theory of Share Tenancy: for Asia, agriculture and land reform in Taiwan" as a doctoral dissertation on the theme of the opening report, and wrote eleven outline, hoping to hear the views of teachers.
Steven Cheung Amen Alchian: mentor Zhang Wuchang
Zhang Wuchang's "Theory of Share Tenancy," later became a pioneer of modern economics for the contract. A few of them published in a journal article has become a modern classic of New Institutional Economics. For example, published by the EdwardElgar Selected Works of classical economic theory of "transaction cost economics," a book, the election of the representative of this school and the 40 most influential article, Professor Zhang Wuchang have 4 selected, and of which two are the main sections of the book.
And Coase grok, much appreciated
Johnson was the tenant of the authority of the theory, Zhang Wuchang of his blade and cut. Johnson not only do not mind, but also repeatedly urged Zhang Wuchang to Hershey each year apply for a bonus of Chicago. The fall of 1967, Zhang Wuchang to serve the University of Chicago, and after school a few days to visit the Coase University of Chicago Law School. Steven Cheung and Kos became good friends.
Even if the 80's Steven Cheung to Hong Kong, Hong Kong, a professor passing, Zhang Wuchang a story to tell. Coase University of speech to their audience attend. In his speech, Coase put it bluntly, to quote his reference 得不 people thinking right. To a personal question, an audience member asked: "In a world, is there a reference to people who are your thoughts on the the reference?" Cosby said: "Only Zhang Wuchang." No wonder the Coase the Nobel Prize in Economics in 1991, a speech that the award ceremony, Professor Zhang Wuchang repeatedly mentioned the important contribution of new institutional economics.
The most popular professor, "the worst teacher"
In 1991, the University of Hong Kong run by some of the "worst Teaching Award," the election, Zhang Wuchang was selected as the "worst teachers." Steven Cheung topped the bad seats, almost all Hong Kong public outcry! In fact, this is very natural, if the traditional mode of education in accordance with Eastern and standards of teaching will certainly be Zhang Wuchang and its sub-requirements.
Zhang Wuchang lectures, never prepare lessons, no handouts, but not on the blackboard blackboard. In his view, their days thinking of economics, preparation is unnecessary. Even if the speech is formal occasions how much he did not prepare (for example: 1991 to the Swedish Nobel laureate's speech for many, in 1998 Western Economic Association to the United States of any president's speech.)
Analysis of the Economic System and the first person
Steven Cheung co-founder of the New Institutional Economics
Zhang Wuchang to purely institutional analysis of China's agricultural reform, urban enterprise reform, China's financial reform and other issues of corruption in China have put forward their arguments. It can be said of the 20th century the entire 80 Zhang Wuchang completely dedicated to the institutional analysis of China's economic reforms, policy recommendations, its written in Chinese in Hong Kong "were made to sell orange", "China's future", "On the future of China" , "China's economic revolution," and other works temporarily Luoyangzhigui, romantic emotion, affect a whole generation of Chinese reformers and young students.
Steven Cheung - classic: "Theory of Share Tenancy"
Zhang Wuchang, "Theory of Share Tenancy"
"Theory of Share Tenancy," over time the value of growing importance, not only became a pioneer of modern economics for the contract, but a few of them published in a journal article has become a modern new institutional economics classic. For example, published by the EdwardElgar Selected Works of classical economic theory of "transaction cost economics," a book, the election of the most influential and representative of this school, 40 articles, of which two is the "Theory of Share Tenancy," the main section.
"Theory of Share Tenancy," mainly on the modern view of economics into the new system to produce a new interpretation of Rent to overthrow the traditional theory of the past, the establishment of the "New Theory of Share Tenancy." Essence of his theory through changes in certain factors, whether it is sub, fixed rent or the landlord from farming, with its land-use efficiency are the same. If the weakening of property rights, or excessive government intervention in the allocation of resources, it will lead to inefficient allocation of resources. If you can identify the land for private property rights, clear property rights system to allow the free transfer of land, this is the land of production factors and the only way to achieve maximum efficiency. The evidence in the case of the general theory of interpretation of the new institutional economics became a classic.
Steven Cheung - Personal works
1967, "Theory of Share Tenancy," Political Economy, University of Chicago Award. During the University of Washington, Steven Cheung has received five National Science Foundation research grants, in transaction costs, contract theory, the Hong Kong rental contracts and patents of invention. Zhang Wuchang in 1967 consultant, was employed by the telephone company in the United States, the United States and Canada, government agencies, as well as many other oil companies Mobil, the oil industry in the years of contract research (the research results of deep appreciation for the academic, but copyright issues, the results can not let the world share.)
The main papers are: "Private Property and Share Tenancy", "transaction costs, risk aversion and the choice of contractual arrangements," "contract structure and non-proprietary resources theory", "price control theory," "the nature of business contracts," "transaction cost paradigm" and so on.
The following is the book set:
• "Introduction to sell those orange" - Zhang Wuchang popular economics work for the most well known one
Zhang Wuchang "were made to sell orange"
• "Theory of Share Tenancy" - as the thesis Zhang Wuchang
• "Economic Analysis"
• "China's Future"
• "On China"
• "The Old Man and the academic"
• "China's economic revolution"
• "set free"
• "lean on a railing set"
• "World Economics"
• "Economic Grand View Garden"
• "Mad proud language students"
• "outlier of the Horse"
• "The fortune teller and the pulse of the economy"
• "Great Time"
• "China's prospects"
• "What a Great Stora"
• "economic gap"
• "the five permanent members of academic"
• "Zhang Wuchang Selected Papers in English" - as the English papers written by Zhang Wuchang assembled in the past
• "economic interpretation" - in four volumes Volume science says needs; Volume II supply behavior; Volume III system of choice; volume IV of the Wuchang school economy.
Translated by Google