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Yew-Kwang Ng
Yew-Kwang Ng or simply Kwang (Chinese: 黃有光; English pronunciation /ˈkwæŋ/; born 7 August 1942) is a Malaysian-Australian economist, who is currently Special Chair Professor of Economics at Fudan University, Shanghai, and a Distinguished Fellow of the Academy of the Social Sciences in Australia. He has published in a variety of academic disciplines and is best known for his work in welfare economics.
Yew-Kwang Ng was born during the Second World War, in Japanese-occupied Malaya. While in high school, he was drawn to studying economics because of his ambition to "establish communism in an independent Malaysia"; the Cultural Revolution in China and events in the Soviet Union later led Ng to change his mind about the viability of communism.
Ng graduated with a Bachelor of Commerce from Nanyang University in 1966 and later a Ph.D. from the University of Sydney in 1971. During his studies at Nanyang University, amid the unrest of demonstrations and strikes, Ng came close to being arrested or expelled several times.
During the 1980s, working as a columnist, Ng wrote in support of Deng Xiaoping's Chinese economic reforms. Ng has been a Fellow of the Academy of the Social Sciences in Australia since 1981. He held a chair as professor of economics at Monash University between 1985 and 2012 and is now an emeritus professor.
Between 2013 and 2019, Ng held the Winsemius chair at the Department of Economics at Nanyang Technological University. In 2018, Ng delivered the inaugural Atkinson Memorial lecture at the University of Oxford, dedicated to the memory of Sir Tony Atkinson. Since July 2019, Ng has held the position of Special Chair Professor at the School of Economics at Fudan University, Shanghai. He is also a columnist for the Chinese business news NetEase Finance online portal.
Ng has written or co-authored more than 30 books and published more than two hundred refereed papers in economics and papers on biology, mathematics, philosophy, cosmology, psychology, and sociology. He proposed welfare biology as an academic discipline, stating that this has been his more underestimated contribution. He published his first academic paper in the Journal of Political Economy, one of the top five economics journals, while he was still an undergraduate student.
Ng is renowned for his work in welfare economics and a majority of his academic papers are in this area. He wrote his first book on the topic in 1979, Welfare Economics: Introduction and Development of Basic Concepts. Within welfare economics, he is particularly known for his work on the theory of the third best, social choice theory and happiness economics. In many publications, he defends a view of utility as being both cardinally measurable and interpersonally comparable.
Ng coined the term "mesoeconomics" and helped establish the field as a simplified, tractable general-equilibrium analysis with both micro and macro elements. As a method, it is used to study the implications of imperfect competition on the macroeconomy. It has been argued that mesoeconomics "typically yields conclusions that are consistently more closely aligned with empirical evidence than any of the competing macroeconomic models."
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Yew-Kwang Ng
Yew-Kwang Ng or simply Kwang (Chinese: 黃有光; English pronunciation /ˈkwæŋ/; born 7 August 1942) is a Malaysian-Australian economist, who is currently Special Chair Professor of Economics at Fudan University, Shanghai, and a Distinguished Fellow of the Academy of the Social Sciences in Australia. He has published in a variety of academic disciplines and is best known for his work in welfare economics.
Yew-Kwang Ng was born during the Second World War, in Japanese-occupied Malaya. While in high school, he was drawn to studying economics because of his ambition to "establish communism in an independent Malaysia"; the Cultural Revolution in China and events in the Soviet Union later led Ng to change his mind about the viability of communism.
Ng graduated with a Bachelor of Commerce from Nanyang University in 1966 and later a Ph.D. from the University of Sydney in 1971. During his studies at Nanyang University, amid the unrest of demonstrations and strikes, Ng came close to being arrested or expelled several times.
During the 1980s, working as a columnist, Ng wrote in support of Deng Xiaoping's Chinese economic reforms. Ng has been a Fellow of the Academy of the Social Sciences in Australia since 1981. He held a chair as professor of economics at Monash University between 1985 and 2012 and is now an emeritus professor.
Between 2013 and 2019, Ng held the Winsemius chair at the Department of Economics at Nanyang Technological University. In 2018, Ng delivered the inaugural Atkinson Memorial lecture at the University of Oxford, dedicated to the memory of Sir Tony Atkinson. Since July 2019, Ng has held the position of Special Chair Professor at the School of Economics at Fudan University, Shanghai. He is also a columnist for the Chinese business news NetEase Finance online portal.
Ng has written or co-authored more than 30 books and published more than two hundred refereed papers in economics and papers on biology, mathematics, philosophy, cosmology, psychology, and sociology. He proposed welfare biology as an academic discipline, stating that this has been his more underestimated contribution. He published his first academic paper in the Journal of Political Economy, one of the top five economics journals, while he was still an undergraduate student.
Ng is renowned for his work in welfare economics and a majority of his academic papers are in this area. He wrote his first book on the topic in 1979, Welfare Economics: Introduction and Development of Basic Concepts. Within welfare economics, he is particularly known for his work on the theory of the third best, social choice theory and happiness economics. In many publications, he defends a view of utility as being both cardinally measurable and interpersonally comparable.
Ng coined the term "mesoeconomics" and helped establish the field as a simplified, tractable general-equilibrium analysis with both micro and macro elements. As a method, it is used to study the implications of imperfect competition on the macroeconomy. It has been argued that mesoeconomics "typically yields conclusions that are consistently more closely aligned with empirical evidence than any of the competing macroeconomic models."