论市场经济的局限性

The Limitation of The Market Economy

财产的专属性、投机行为妨碍了市场经济的正常运作,而人类的有限理性又限制了人们借助于完全合同来预防投机行为的发生,由此暴露了市场经济的局限性,即不能适用于垄断性的市场和信息不完全的市场。为了完善市场这个重要的交易形式,必须引入信誉机制来规范交易者行为。

Asset specificity and opportunism interfere with the efficient operation of market economy, and human beings' bounded rationality result in the failure to prevent the opportunism with the complete contract, this expose the weakness of market economy, that is ,it is not fit to the market with monopoly and the market without complete information; To improve the market economy, it is essential to set up the reputation system to prevent the opportunism.