Abstract
The public asset and its development is the necessary outcome of social development. The inadequate effective demand as a normality
is because of the maladjustment of social economic resources between private sector and public sector. For the role of the law of decreasing marginal propensity of consumption, the inadequate effective demand can't be met within private sector and can be met by adjusting the production of public goods and the allocation of resources, which can lead to the steady and sustainable economic development. Public asset is a new thing and should be treated with a new concept and new thought different from private system. Public asset is the solution to problem of socialism and should be paid more attention to.
is because of the maladjustment of social economic resources between private sector and public sector. For the role of the law of decreasing marginal propensity of consumption, the inadequate effective demand can't be met within private sector and can be met by adjusting the production of public goods and the allocation of resources, which can lead to the steady and sustainable economic development. Public asset is a new thing and should be treated with a new concept and new thought different from private system. Public asset is the solution to problem of socialism and should be paid more attention to.
| Translated title of the contribution | The Solution to the Problem of Socialism Lies in the Public Asset: Interview Economist Wu Dong |
|---|---|
| Original language | Chinese (Simplified) |
| Pages (from-to) | 1-14 |
| Number of pages | 14 |
| Journal | Journal of Economics of Shanghai School |
| Volume | 5 |
| Issue number | 4 |
| Publication status | Published - 2007 |
Keywords
- public goods
- private goods
- marginal propensity of consumption
- inadequate effective demand
- study of public asset