摘要
改革过程中一定会出现一些无法用标准经济学解释的现象,包括“过渡性杂种”。股权分置就是典型之一。由于改革之初约束条件的限制,我国资本市场采取了股权分置的制度安排。这是一种合理的安排,虽然它内生着制度性的缺陷。随着约束条件的变化,股权分置也完成了其历史使命。由此可见,中国的改革实质上是一个不断产生“过渡性杂种”、又不断解决“过渡性杂种”的过程。在演化经济学意义上,这是一个不断产生新奇,又使新奇不断归于平常的过程。在对待“过渡性杂种”问题上,我们既要反对悲观主义倾向,又要反对浪漫主义倾向。
Some phenomena that cannot be explained by standard economics are bound to arise in the process of reforms, including ＂transitional hybrids＂. A typical example is equity division. Because of the constraining conditions at the beginning of the reforms, the institutional arrangement of equity division has been introduced in capital market in China. This is a rational arrangement, albeit with inherent institutional defects. With the changed constraining conditions, equity division has completed its historic mission. Therefore, the reforms are actually a process of constantly generating and resolving ＂transitional hybrids＂. From the perspective of evolutionary economics, this is a process in which novelties constantly arise and wear off. When handling ＂transitional hybrids＂ , we should oppose both pessimism and romanticism.
出处
《贵州财经学院学报》
2006年第4期10-13,共4页
Journal of Guizhou College of Finance and Economics
关键词
改革
过渡性杂种
演化经济学
股权分置
reform
transitional hybrid
evolutionary economics
equity division
