New Supply-Side Economics: Eliminations And Establishments

International Journal of Economics and Management Studies

© 2019 by SSRG - IJEMS Journal

Volume 6 Issue 5

Year of Publication : 2019

Authors : Jia Kang

10.14445/23939125/IJEMS-V6I5P101

How to Cite?

Jia Kang, "New Supply-Side Economics: Eliminations And Establishments," SSRG International Journal of Economics and Management Studies, vol. 6,  no. 5, pp. 1-4, 2019. Crossref, https://doi.org/10.14445/23939125/IJEMS-V6I5P101

Abstract:

Structural reform will inevitably take place on the supply side, and pursue to improve the quality and efficiency of the entire supply system with effective system supply. Based on relevant fundamental theories, in the rethinking of mainstream economics theories after the global financial crisis, we have formed the cognitive framework of three eliminations and four establishments, namely eliminating bias, inconsistency and backwardness and establishing the framework, principles, integration and system. Analysis and cognition of supply side should be emphasized in the “basic framework” of economics. We should face up to reality and strengthen the effectiveness and pertinence of the support points in “basic theory principles and assumptions”. Market, government and non-profit organizations should play their respective roles and seek for cooperation as “an integration”. The institutional supply should be fully included in supply analysis to form an organic cognitive “system”.

Keywords:

New supply-side economics; three eliminations; four establishments

References:

[1]. Jia Kang and Feng Qiaobin, China’s Supply-side Reform: Background, Theoretical Models and Implementation Paths, International Journal Economics, Finance and Management Volume 6, Issue 3, June 2018, Pages: 87-97.
[2]. Jia Kang and Su Jingchun, New Supply-Side Economics (Chinese Edition), Shanxi Economic Publishing House, 2016.
[3]. Jia Kang (Editor in chief), New Supply: Chinese Innovation in Theory of Economics (Chinese Edition), China Economic Publishing House, 2013.
[4]. Jia Kang and Su Jingchun, Supply-Side Reform - China New Supply-Side Economics (Chinese Edition), CITIC Press Group, 2016.
[5]. Jia Kang, Feng Qiaobin, Liu Wei and Su Jingchun, Supply-Side Structural Reform: Theoretical Model and Practice Path (Chinese Edition), Enterprise Management Publishing House, 2018.