A New Analytic Framework on Mainstream Economic System in Complex Reality

5月 24, 2017

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.

K_a_pe_py_r_ow_ao_c_hrds: economic system, cross-dimensional, multi-institutional logic, poly-centric

JEL Classiﬁcation Code: E02, C38, D02