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84.

Institute of Economic Affairs (London: 1982), Hobart Paper

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Frank H. Knight, Some Fallacies in the

Interpretation of Social Cost, Quarterly Journal of Economics
2

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(August 1924); H. Scott Gordon, The Economic Theory of a Common
Property Resource: The Fishery, Journal of Political Economy
(April 1954); Steven N. S. Cheung, The Structure of a Contract
and the Theory of a Non-exclusive Resource, Journal of Law and
Economics (April 1970); Idem, A Theory of Price Control,
Journal of Law and Economics (April 1974).

R. H. Coase, The Nature of the Firm,
Economica (November 1937); George J. Stigler, The Economics of
Information, Journal of Political Economy (June 1961); Steven N.
S. Cheung, The Contractual Nature of the Firm, Journal of Law
and Economics (April 1983).

R. H. Coase, The Problem of Social Cost, Journal of Law

and Economics (October 1960).

Coase, The Federal Communications Commission,

Journal of Law and Economics (October 1959), p. 33.

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A. Bottomley

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The Dark Side of The Force

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Cheung, Will China Go Capitalist? (London 1982), Hobart

Paper 84, Section II.

(Cannan edition, p. 18).

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Steven N. S. Cheung, Why Are Better Seats Underpriced
? Economic Inquiry (1997), pp. 512-522.

Cheung, Will China Go Capitalist?

op. cit., Section III.

Coase, The Nature of the Firm, op. cit.; Cheung,

Transaction Costs, Risk Aversion, and the Choice of Contractual
Arrangements, Journal of Law and Economics (April 1969), pp.
23-42.
Bottomley, The Effects of Common Ownership of Land Upon
Resource Allocation in Tripolitania, Land Economics (February
1963).
Cheung, The Structure of a Contract op. cit.,

Cheung, A Theory of Price Control, op. cit.

Cheung, The Theory of Share Tenancy (Chicago:

University of Chicago Press, 1969), pp. 32-34.

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fee simple
fee simple absolute

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Steven N. S. Cheung, A Simplistic General Equilibrium

Theory of Corruption, Contemporary Economic Policy (July 1996).

Steven N. S. Cheung, China in Transition: Where Is She

2

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Heading Now? Contemporary Policy Issues (October 1986).

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subcontracting
subs

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county

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Cheung, China in Transition, op. cit.

Alfred Marshall, Principles of Economies (8th ed., 1920:

London; Macmillan Co. 1956), p. 536, note 2.

Cheung, The Theory of Share Tenancy, op. cit., p. 45.

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Arthur Lewis

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Steven N. S. Cheung,
The Fable of the Bees: An Economic Investigation, Journal of Law
and Economics (April 1973), pp. 11-33.

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Cheung, The Theory of Share Tenancy, op. cit., pp. 72-79.

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Charles Goodhart

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John Carswell, The South Sea Bubble London:
Cresset Press, 1960

Why Are Better Seats

Underpriced? op. cit.

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A powerful paper, by far the most insightful and charming

paper on Chinas economy in the last 30 years.
3

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