ECONOMICS(传统经济学).pptVIP

Financial Regulation: Theory of Wealth and Finance Andrew Sheng Adjunct Professor, Graduate School of Economics and Management 14 March 2008 Lecture Series  Lecture 1: Origin of Wealth: Traditional vs Complexity Theory Lecture 2: A Macro-History of Chinese Governance (2007) Lecture 3: Theory and Practice of Governance (2007) Lecture 4: Leadership in Regulatory Environment (2007) Lecture 5: Money, Property Rights and Markets (2006) Lecture 6: Practice of Financial Regulation (2006) Lecture 7: A Property Rights Framework (2007) Lecture 8: Practice of Bank Supervision (2006) Lecture 9: Asian and International Financial Markets (2006) Lecture 10: The Regulation of Listed Companies (2006) Lecture 11: Consolidated Financial Regulation (2007) Content The Questions Evolution is inter-linked process Traditional Economics（传统经济学） Complexity Economics（复杂性经济学) Social technology + Business Designs Economic evolution is adaptive learning process Wealth is fit order （合适的秩序） Innovation Organization Culture Adaptability Financial markets Complexity Economics Role of Government as Fitness Provider Contradictions, Theory and Practice Preliminary Thoughts The Origin of Wealth: Evolution, Complexity and the Radical Remaking of Economics经济学的进展、复杂性和激进的重组 Eric D Beinhocker,McKinsey 2005Random House, 2007 Origin of Wealth The most startling empirical fact in economics is that there is an economy at all. The second most startling empirical fact is that day in and day out, for the most part, it works. The economy is a marvel of complexity. Yet no one designed it and no one runs it.（没有人设计和管理它） Beinhocker argues that wealth creation is a simple, but profoundly powerful, three-step formula - differentiate, select and amplify（分类、选择和扩大）, - the formula of evolution. （进化的模式）The same process that has driven the growing order and complexity of the biosphere has driven the growing order and complexity of the econosphere. The explosive growth in human wealth The Questions How is a com