A General Theory Review

Jun Du
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Jun Du: National University of Singapore

Chapter 1 in Agricultural Transition in China, 2018, pp 1-26 from Palgrave Macmillan

Abstract: Abstract Chapter 1 reviews literatures on agricultural growth and China’s food sector performance chronologically from classical economics to neoclassical economics. Neoclassical paradigm relies on some critical hypotheses such as ‘instant market clearance’, ‘relative factor price change-induced factor flow’ and ‘perfect market institutions’. This chapter raises key research questions that, if critical hypotheses do not hold in East Asia’s empirical studies, indicate how technology change could happen under complex market institutions and in what form.

Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palscp:978-3-319-76905-9_1

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DOI: 10.1007/978-3-319-76905-9_1

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