Stiglitz And Transition Economics

Joseph E. Stiglitz is one of the most influential contemporary economists. He makes great contributions to the developments of macroeconomics, information economics, public finance and development economics, and furthermore, he makes deep and innovative researches on transition economics. This dissertation specializes in his contribution on transition economics.This dissertation mainly involves five chapters.Chapter 1 discusses Stiglitz's biographical notes,important works and his thoughts on transition economics. The author emphasizes that Stiglitz's growing environment has important impacts on his economic thoughts. When he was a child, he discerned poverty,high unemployment and race discrimination,and with the wish to work out the above problems,he chooses economics as his major. Here Stiglitz's thoughts on trasition economics can be generalized into three points:(1) Stiglitz bring forward"the new points on government interventions"based on the up-to-date developments of information economics(which includes not only developing markets ,but also strong government). (2) Stiglitz especially emphasizes on the ideology of economics and economic policies, i.e. so-called"market fundamentalism". (3)In terms of the relation between equity and efficiency which is the permanent economic theme, Stiglitz avers that equity and efficiency cannot be completely separated, and they are coequal, so while he emphasizes the economic growth, he emphasizes employment and distributions which embodies his attentions on the interests of the needy countries and estates.Chapter 2 discusses the general concepts of transition economics and Stiglitz's unique theory on transition economics. Firstly, the author generalizes the different points into four types: (1) transition economics involves theories on transition from planned economy to market economy;(2) transition economics involves theories on transition from capitalism to socialism;(3) transition economics involves theories on the historical evolvement of socialism production relations;(4) other standpoints. Based on the above, the author thinks that transition economics should be defined as the first type, i.e. transition economics involves theories on transition from planned economy to market economy.Secondly, the author systematically studies Stiglitz's transition...