229. Ping Chen, Ph.D. Homepage

August 18, 2009 § Leave a comment

Ping Chen, Ph.D. Homepage.

This fellow is amazing

The Adam Smith dilemma discovered by George Stigler in 1951, i.e., the Smith theory of invisible hand and perfect competition is incompatible with the Smith theorem on the division of labor limited by the market extent which implies market monopoly. Proposed a trade-off between stability and complexity based on the new science of complexity. Proposed a generalized Smith theorem that the division of labor is limited by the market extend, resource diversity, and environment fluctuations (1999-2002);

see also

Ping Chen at PKU | The Economist

Ping Chen_Chen, Ping_EN_北京大学中国经济研究中心

Unveiling the Secrets of the American Economic Boom in the 1990s/Recommended Reading – Beijing International MBA at Peking University

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You are currently reading 229. Ping Chen, Ph.D. Homepage at Reflections on GardenWorld Politics Douglass Carmichael.

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