In lieu of an abstract, here is a brief excerpt of the content:

Among contemporary Hong Kong economists who have a broad perspective and deep understanding of Hong Kong economic issues, no one surpasses Professor Y. C. Richard Wong. Professor Wong studied economics at the Department of Economics of the University of Chicago and carried on that department’s tradition of rigorous theoretical reasoning, positive analysis, and empirical testing. He has a particular interest in economic history and political economy, as well as a broad exposure to the humanities. Over the years prior to and after the changeover of the sovereignty of Hong Kong, he actively participated in various consultative committees of the Hong Kong government, ranging from finance, trade, population, education, health care, housing, to other policy areas. In analyzing economic problems, Professor Wong applies theoretical reasoning but never departs from policy practicality. He focuses on current economic contradictions which are put in a historical perspective, drawing on the experience of other countries. He is concerned with economic efficiency and resource allocation but he also talks about politics. Professor Wong’s articles have a broad coverage and are rich in content. The analysis is detailed and full of innovative ideas, unlike ordinary economics articles one finds in the popular media. Before the changeover of the sovereignty of Hong Kong, Professor Wong organized a group of economists from the local universities and published The Hong Kong Economic Policy Study Series of 18 monographs. These monographs analyzed and bore witness to the various aspects of Hong Kong’s economy prior to 1997. Today, fifteen years after the changeover, Hong Kong’s politics and economy have been undergoing transformation. Society has experienced marked changes, and tensions and problems have intensified. It was during this period of restructuring that Professor Wong wrote 21 essays, examining current contradictions in the society, diagnosing the problems, and proposing Foreword Liu Pak-wai policy remedies. These essays have now been compiled into a volume entitled Diversity and Occasional Anarchy. This book is a statement of Professor Wong’s comprehensive research in and profound knowledge about Hong Kong’s economy. The essays include macroeconomic studies of fiscal policy, linked exchange rate, global economic integration and economic development, as well as microeconomic analyses of housing, property prices, education, health care subsidy, social security, mandatory provident fund, and wealth distribution, interspersed with discussions on economic history and political economy. This volume offers new ideas for economists to explore in their investigation of different economic issues in Hong Kong. It is also a good reference for students who want to understand the current Hong Kong economy. I would especially recommend the book to government officials and politicians. It will help them gain insights into Hong Kong’s economic problems and enhance the quality of their policy decisions. As a publication that sheds light on Hong Kong’s current economic and social situation, Diversity and Occasional Anarchy has no equals. Liu Pak-wai Professor of Economics and former Pro-Vice-Chancellor, The Chinese University of Hong Kong xviii Foreword by Liu Pak-wai ...


Additional Information

Related ISBN
MARC Record
Launched on MUSE
Open Access
Back To Top

This website uses cookies to ensure you get the best experience on our website. Without cookies your experience may not be seamless.