Overview

[The Founding Manifesto of ""Mezzoeconomics"" An Insider's Theory of China's Growth] Why has China's economy sustained decades of rapid growth? The answer lies not just in the ""Invisible Hand"" of the market or the ""Visible Hand"" of the State, but in a powerful middle ground: The Effective Government. Authored by Dr. Chen Yunxian, the founder of GF Securities and former Vice Governor of Guangdong Province, this book bridges the gap between theory and practice. Chen introduces the groundbreaking concept of ""Mezzoeconomics"", arguing that in China, regional governments act as ""market entities"" that compete, innovate, and drive resource allocation. Key Contributions to Economic Theory: Beyond Keynes and Hayek: Proposes a ""Dual Entity"" model where both the government and the market play decisive roles in resource allocation. The ""Code of Conduct"" for Governments: Defines the precise boundaries of government intervention-- when to lead (foresighted leading) and when to step back. Practitioner's Insight: Draws on Chen's unique experience governing Guangdong, China's economic powerhouse, offering a blueprint for Regional Competition and Urban Development.

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9781487813437

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Yunxian Chen is a renowned economist and statesman. He holds a unique distinction in China as both a pioneering financial entrepreneur (Founder of GF Securities) and a high-ranking senior official (former Vice Governor of Guangdong Province). He is the originator of the ""Mezzoeconomics"" school of thought.

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