Zhang Weiying Books
Zhang Weiying (born 1959 in Shaanxi Province) is a prominent Chinese economist and professor at the National School of Development, Peking University. His research focuses on institutional economics, the theory of the firm, and market economy reforms.
Known for: The Logic of the Market (Chinese Edition)
Books by Zhang Weiying
The Logic of the Market (Chinese Edition)
The Logic of the Market is a major work by Chinese economist Zhang Weiying, systematically explaining the fundamental principles and institutional logic of the market economy. The author explores how markets achieve efficient resource allocation through spontaneous order, analyzing entrepreneurship, competition, and institutional change, while critiquing the limitations of planned economies and government intervention. With clear logic and real-world examples, the book reveals the economic and social significance behind market mechanisms.
Read SummaryKey Insights from Zhang Weiying
Spontaneous Order and the Power of Decentralized Decisions
The phenomenon of spontaneous order lies at the heart of the market’s logic. It defies the assumption that order must always be designed or imposed from above. In planned systems, someone must decide what to produce, how much to produce, and for whom. But in markets, no one decides these things dire...
From The Logic of the Market (Chinese Edition)
Prices, Information, and the Coordination of Human Action
Prices are the lifeblood of market order. They embody information — information about relative scarcities, technological changes, and consumer preferences. Yet this information is tacit, local, and constantly changing. A functioning price system translates that dispersed knowledge into a form unders...
From The Logic of the Market (Chinese Edition)
About Zhang Weiying
Zhang Weiying (born 1959 in Shaanxi Province) is a prominent Chinese economist and professor at the National School of Development, Peking University. His research focuses on institutional economics, the theory of the firm, and market economy reforms. His representative works include The Firm and th...
Read more
Zhang Weiying (born 1959 in Shaanxi Province) is a prominent Chinese economist and professor at the National School of Development, Peking University. His research focuses on institutional economics, the theory of the firm, and market economy reforms. His representative works include The Firm and th...
Zhang Weiying (born 1959 in Shaanxi Province) is a prominent Chinese economist and professor at the National School of Development, Peking University. His research focuses on institutional economics, the theory of the firm, and market economy reforms. His representative works include The Firm and the Entrepreneur, Game and Society, and The Logic of the Market. He is recognized as one of the key advocates of market economy theory in China.
Frequently Asked Questions
Zhang Weiying (born 1959 in Shaanxi Province) is a prominent Chinese economist and professor at the National School of Development, Peking University. His research focuses on institutional economics, the theory of the firm, and market economy reforms.
Read Zhang Weiying's books in 15 minutes
Get AI-powered summaries with key insights from 1 book by Zhang Weiying.