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The priority given to work, development, and consumerism in the Chinese system camouflages. Explain why welfare would be higher under perfect competition.
How would China's market structure change if the system were perfectly competitive? Would the role of obligation increase?
Explain why Chinese enterprises do not profit maximize in the sense required by general competition.
How does China's state management affect private demand? How does the derived demand for forced labor differ from ordinary derived demand?
What are China's three primary economic mechanisms? Does obligation play a larger role in China than America?
Why can the market be based securely on the rule of contract law? Does the Chinese market operate according to the rule of law
What are the three moral hazards caused by the separation of ownership and control? What abuses do they encourage?
How does freedom of action differ from Soviet-style Red directors whose main task is the fulfillment of state plans?
Private property is often casually assumed to be everywhere the same. How does Chinese private ownership differ from the ideal, and why does this matter?
Why Does maximizing profits cause moral hazard? Are the dangers the same as those of other kinds of state administration? Compare.
Why have the Japanese had difficulty liberalizing, integrating Western utilitarianism and communalism?
How does communalism mitigate the dangers of insider control which are destroying Russia's productiveness?
What is the special features of Japan's system structure? Why is the government sector so small?
Why is Japan's Keynesian adjustment mechanism competitively inefficient? Is it also welfare inefficient?
Graph the Japanese labor supply function, taking account of unpaid overtime. Is this normal? How does it affect profit-maximizing?
How does the Japanese ability to find pleasure in fulfilling situational obligations affect their capacity to work?
How does Japanese communalism differ from Continental European social democracy in terms of cultural goals?
Why do you think that the Japanese were able to successfully transfer communal control to industrial and post-industrial society, while the Russians failed.
How does apanese community's use of limited individual utility-seeking and markets differ from Chinese authoritarian laissez faire and American managed markets?
How does the marriage of social democracy and liberalized corporastim correspond with Chinese authoritarian laissez faire?
Why do Anglo-American theorists argue that if the Continental Europeans were not bemused by corporatistelites they would reject their egalitarianism.
How would Continental Europe's market structure change if the system were perfectly competitive? Would the role of obligation decrease?
Discuss why is the efficiency of the Marshallian adjustment mechanism impaired in the Continental European production market?
Why is the efficiency of the Walrasian adjustment mechanism impaired in the Continental European labor market?
Explain how would America's market structure change if the system were perfectly competi-tive? Would the role of obligation increase?