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Overview

This book is a collection of Professor Lin’s dialogues with his postgraduate students during a course on transition economics conducted in 2003 and 2004 at Peking University, and it also includes three journal articles as appendices. Taking the form of questions and answers, the book discusses how to conduct economic research in a creative manner and construct one’s own theoretical framework and model based on an in-depth analysis of phenomena. The author also emphasizes the importance of economists in China adopting internationally accepted norms in their research and focusing their topics on indigenous problems and reflects critically on the limitations of the existing neoclassical theories for interpreting the development and transition of developing countries.

Justin Yifu Lin,

Justin Yifu Lin is the Chief Economist and Senior Vice President of the World Bank since June 2008. Prior to joining the Bank, Mr. Lin served for 15 years as Founding Director and Professor of the China Center for Economic Research (CCER) at Peking University. Mr. Lin received his PhD in economics from the University of Chicago and is the author of 18 books, including The China Miracle: Development Strategy and Economic Reform and Economic Development and Transition: Thought, Strategy, and Viability. He has published more than 100 articles in refereed international journals and collected volumes on history, development, and transition. In 2007, he gave the Marshall Lectures at Cambridge; and in 2011, the Simon Kuznets Lecture at Yale and the UNU Wider Annual Lecture in Mozambique, the first ever to be held in a developing country. As a leading Chinese economist, he served on several national and international committees, leading groups, and councils on development policy, technology, and environment, including the UN Millennium Task Force on Hunger; the Eminent Persons Group of the Asian Development Bank; the National Committee on United States–China Relations; the Global Agenda Council on the International Monetary System; Reinventing Bretton Woods Committee; and the Hong Kong–U.S. Business Council.
  • Written in a simple format of questions and answers between the professor and his students
  • Discusses how to conduct economic research in a creative manner and construct one’s own model based on an in-depth analysis of phenomena
  • Reflects critically on the limitations of the existing neoclassical theories for interpreting the development and transition of developing countries
  • Authored by one of the best-known Chinese economists
1. Mainstream Principles and Premises.
2. (In)applicability to China.
3. Theoretical Innovations in Economics.
Appendix 1. Indigenization, Normalization, and Internationalization: Celebration of the
40th Anniversary of Economic Research.
Appendix 2. Economic Research Methodology and the Development of Economics in China.
Appendix 3. Viability, Economic Transition, and Reflections on Neoclassical Economics.