A New Analytic Framework on Mainstream Economic System in Complex Reality

Yu Jing (余菁) and Wang Tao (王涛)  
Institute of Industrial Economics (IIE), Chinese Academy of Social Sciences (CASS), Beijing, China  
Abstract: This paper discusses the transformative effects of demographics, technology  
and organization on the socio-economic activity of today’s world, examines the limitations  
of mainstream economic system, and elaborates the challenges of economic polarization  
and the complex and diverse reality to mainstream economic system. This paper argues  
that in the 21st century, economic institutional analysis needs to shift towards a cross-  
dimensional approach, mixed organizations of multi-institutional logic and poly-centric  
governance system.  
Kapepyrowaochrds: economic system, cross-dimensional, multi-institutional logic, poly-centric  
JEL Classification Code: E02, C38, D02  
Leave a reply