"I remember that our class is Xiao Ding and Xiaoqi's theory is doing well, and the original academic views of Xiaoding and Xiaoqi are tit-for-tat, but they were arguing irreparably."Now how did Xiaoqi start to learn from Xiaoding, and when Xiao Qi became an official, he gave up theoretical research?”

I laughed and talked about the old thing.The personal relationship of the six students in the strategy class has always been very good, even if Ding Shikuan and Qi Ruizang were incompatible with the academic point of view, but it did not affect their personal relationship.Saying this at this time is just fun.

He smiled and said, “This is a joke to me.At that time, I was also a young and crazy person, and I looked at some things in Western economics, and some of them were uninhazy.Now, some of Lao Ding's views are still justified, and I choose the good ones."

“Selected by the good ones?“Why, Xiao Qi, do you still have any reservations about Xiao Ding’s point of view?”Yu asked in surprise.Perhaps because of the gender characteristics, Yu Rui's interest in academic theory is not much, and it is not even clear how the views of Ding Shiquan and Qi Ruizang are different.She just thought that Ting Shikuang's theory was now popular, and admired by the top leaders, and must have been correct.It is said that he chose only the good ones, and this could not but surprise him.

Ting Shiguan explained: "Yu sister, you are mistaken.Xiao Qi has not given up theoretical research in these years, and he has written several academic papers on the industrial rejuvenation of the old industrial base, which has caused great repercussions in several top economic journals in foreign countries.My name is in the country, Xiaoqi is the real flowering wall outside the wall.Last year, one of the top foreign publications named him the Person of the Year in Academic Theory.”

“Really?The little guy is so great!”Yu rolled his eyes.She really did not know this situation, and thought that Qirukang, as a deputy mayor, had no connection with academia.In the eyes of the world, the influence of foreign academic circles is obviously more remarkable than the influence in the country, and the academic achievements recognized by foreigners are certainly true.

He laughed, “It’s just good.I did publish in several international top 10 economics publications, and the response was good.But I am also opportunistic, I am from the level of institutional economics to study the industrial revival, this topic in foreign theoretical circles is relatively hot, I have the actual experience of Yubei as a case, so foreign scholars are more interested.In the past two years, a number of foreign scholars have come to Yubei to visit and summarize the experience of Yubei, and some of my views have been formed when they interact with these scholars.

Last year, I quit my job at the China Merchants Bureau and moved to the Political Research Office to work, in fact, I also had the meaning of focusing on theoretical research.I think Yubei's experience is still very valuable, which involves the theoretical problems of market failure and externalities, and it is also a very valuable topic in economic theory."

Ding Shiguan said: "Every paper of Xiaoqi, I have carefully read, and many of his opinions are very inspiring to me.However, my theoretical differences with him are still not reconciled, and I advocate that the government dominates the economy, and the role of the market is to regulate.Xiao Qi, on the other hand, prefers market regulation, and that government is only the part that addresses market failure.”

“The role of government must be constrained, and the power of government is too great for the market.”Qian Rui Cao argued.

“But isn’t what you’re doing in Yubei that the government is working?”Don’t you want your power to be greater?”Sheikl also joined the discussion.He worked in the Ministry of Finance, and the Ministry of Finance was undoubtedly a government department with great power, and Xie Keli was certainly fighting for his own department.

Qi Ruizang shook his head and said, “It is precisely because I have worked in the China Merchants Bureau for several years that I have more deeply realized that the role of the government must be constrained.”Our work in Yubei Merchants Bureau is generally effective, and everyone is also very dedicated.But it is undeniable that from the director to the ordinary staff, there are personal demands in the work, some are the pursuit of political achievements, some are the pursuit of investment incentives, and some even have unspeakable private purposes.

In the ideal model of government behavior, the government should pursue the maximization of market interests.In fact, the government is pursuing its own performance to maximize, which is the deviation of the goal.For example, when we invest, we introduce some polluting enterprises, which have produced great externalities, which constitute the cost of the whole society.From a rational point of view, Yubei should not introduce these enterprises, but government officials do not think so, they are thinking that the introduction of these enterprises will help their performance.

“That’s a matter of agency, isn’t it?”Feng Xiaochen is playing tricks.He was a student in the engineering life, but this life has read the master of economics, so there are some economic skills.

Qi Ruicang said: "Yes, I used the proxy model to explain this situation, and introduced the concept of transaction costs and property rights, and raised the issue of the role of the government in the industrial rejuvenation."In addition, in my investment work, I also realized that the government's decision-making is actually flawed, which can be explained by the limited rational point of view, government officials are not a can-do, they will also make mistakes.The role of the market is to use the wisdom of multiple entities to correct the mistakes of individual subjects, and if the emphasis is on government dominance, then the government makes mistakes and the economy suffers.”

"I don't think you two have any idea of the other."Wang Zhenbin intervened.Officials of the Commission also need a little theoretical level, so Wang Zhenbin will also look at the economics journals on weekdays, which is not unfamiliar with some theoretical concepts.He said to Qi Ruizang and Ding Shiguan: "I think that Xiaoqi's view is dominated by the market, supplemented by the government, Xiao Ding's view is mainly the government, supplemented by the market, and in the end is who is a little more and who is less.Compared with the differences between the two of you more than 10 years ago, your differences are much smaller now, and I remember that Xiaoqi was resolutely opposed to industrial policy, and now he can accept the role of the government, which is a great progress."

He nodded and said, “I admit that my past knowledge is somewhat biased.In the past few years of Yubei's work, I have seen the role of the government in market cultivation, so to say that without the intervention of the government, in the case of such an old industrial base in Yubei, it is completely impossible to complete the industrial transformation in a short period of time and establish a preliminary market system.

"You may not know that Lao Qi is a firm system master among Yubei government officials.Many of Yubei's systems have been established with the help of Laoqi, including the behavior norms of foreign investors, the provisions of fair competition in the market, and the regulations on the flow of talents.Without old age, Yubei's market rules would not be as perfect as they are now.”Feng Xiaochen smiled and introduced everyone.

"That's right."Wang Zhenbin said, "When we are in the development committee, we often ask some experts to teach.I feel that scholars who study purely in the ivory tower will be more market-oriented and will be called Adam Smith and the like.But anyone with some practical work experience, such as Xiaoqi and Xiaoding, will give some affirmation to the role of the government.Some time ago, the central leadership had a speech, put forward that China's economic development path has its own particularity, can not completely copy the Western dogma, should have our own theory.Xiao Qi and Xiaoding, although there are some differences in exploring China's development path, are insights.I think, why can't you two join hands and jointly engage in a set of economic theory that suits Chinese characteristics?"

“I really have this idea!”

Chi Ruicang and Ting Shiquan said this almost at the same time, and after saying it, they found themselves in strikingly consistent with each other, and couldn't help but laugh at each other.Both of them are people with academic ideals, and indeed they have thought more than once about creating a set of academic theories, of course, as Wang Zhenbin said, the two have joined forces to carry out research, they have not thought about it.At this time, when I heard Wang Zhenbin's proposal, it was inevitable that there would be some heart.

Feng Xiaochen said: "I support the opinion of the old king, Lao Qi and Lao Ding are the theoretical masters of our class, the most rare thing is that they are not bound to their existing academic views, but actively participate in practice, test and modify their views in practice, with this article, enough to throw a lot of so-called masters to a few miles away."China's economic practice provides a rich source of ideas for academic research, and it is a pity if these ideas are not summarized to form our own theoretical system, and it is also a pity to be ashamed of this era.You two are guided by the market, and one is a partial government regulation, which happens to be complementary and join forces to engage in a theoretical system, and I think it will surely be able to sensationalize the entire theoretical community.”

“Honestly, the old man.”Qi Ruizang said cheerfully that he spent a few years in Yubei, his personality became more generous, he asked Ding Shiquan: "Old Ding, is there any interest in working together to do some research, may be a few years of the Nobel Prize in economics is ours."

“Come on, I’ll help you with the information.”Tina said in a low-key way.

“One word for sure!”Qi Ruicang did not correct Ding Shiguan's modesty, he took up a glass of wine and said to everyone: "Gentlemen, just now, the old man is right, these 20 years, the development of China's economy has provided us with a rich source of thought, whether it is a theory, or like the old king, Yu sister you do this practice, have caught up with the best times."We are still young, and we have a lot of good times, let us redouble our efforts, do not feel ashamed of this era."

“Yes, for this era!”

The people stood up together, raised their glasses, and said aloud.

(End of second volume)