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他是现代新制度经济学和现代产权经济学创始人之一.他与二战后几乎所有西方著名经济学家都颇有渊源,非师即友,他的博士论文《佃农理论》,推翻了二百年来西方经济学家在此问题上的传统认识。轰动西方经济学界。1991年,他作为唯一不曾获诺贝尔经济学奖的经济学者而被邀请参加了当年的诺贝尔颁奖典礼。业余时间,他还是一位摄影师、书法家及艺术收藏家。他曾在大陆掀起了三波热潮:上世纪80年代,张五常的声名始播于中国内地。并很快超越了学术圈。其间.两度晤见中央领导人.并向中国高层领导推荐诺贝尔经济学奖得主米尔顿·弗里德曼等人。上世纪90年代中期,《经济学消息报》开始刊登张的文章,沉寂了四年的张五常再次受内地关注。2000年之后。张五常开始在中国的高校巡回演讲,备受追捧,成为“明星”学者。
He is one of the founders of Modern New Institutional Economics and Modern Property Economics.He is closely related to almost all famous Western economists after World War II, and his doctoral dissertation The Theory of Tenant Farmers, The Western Economists’ Traditional Understanding on this Issue in a Century. Sensational Western economic community. In 1991, as the only economist who did not win the Nobel Prize in Economics, he was invited to attend the Nobel Prize Presentation Ceremony that year. In his spare time, he is also a photographer, calligrapher and art collector. He once set off three waves of upsurge in mainland China: In the 1980s, Zhang Wuchang’s reputation began to spread in mainland China. And soon beyond the academic circle. In the meantime, he met with the Central Committee leaders twice and recommended Milton Friedman, a Nobel laureate in economics, to China’s top leadership. In the mid 90s of the last century, “Economic Newspaper” started to publish Zhang’s article. After being silenced for four years, Zhang Wuchang once again caught the attention of the Mainland. After 2000. Zhang Wuchang began his lecture tour in China’s colleges and universities, much sought after as a “star” scholar.