Given that there is no shortage of economic theories while economic problems are growing periodically, Conceptual Economics boldly attempts to initiate a new approach by employing conceptual and intuitive tools to examine the intra-relationship between microeconomics and macroeconomics as well as the inter-relationship between economic analysis and other social science studies, especially the relationship with political science. The few intuitive ideas include the separation between ex-ante situations and ex-post outcomes, the difference between endowment differences and unequal outcomes, and the role of economics as a vehicle in the delivery of numerous social and political activities. The discussion extends to cover an analysis on human values and concludes with a recommendation on the functionality of civic capitalism. With intuition and analytical reasoning within economics and with other social sciences, Conceptual Economics can become a new branch in economic study where scholars, analysts and intellectuals could ""think outside the box"" by liaising a wider economic perspective and/or amalgamating non-economic aspects into their analysis. This shall provide a new dimension to solving human economic problems and possibly area of intellectuality.
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Professor Kui-Wai Li is the former Visiting Professor to Munk School of Global Affairs, University of Toronto, and Economic Growth Center, Yale University, has previously taught in University of Geneva, City University of Hong Kong, University of Vilnius in Lithuania, University of Maiduguri in Nigeria, University of Toronto and Durham College in Canada. He has written several single-authored books on the theme of capitalist economy, including such topics as economic freedom, world development and political economy. Over the years, he has published numerous refereed papers on economic growth and development, monetary economics and financial crisis, industry and productivity analysis, international trade and country studies on Asia and China. He has previously served as economic consultant to several international organizations, worked as adviser to think tanks, foreign consulates and professional institutions and appeared in media for interviews on numerous economic issues and current affairs. Currently, he is self-employed and directs his own consultancy work.
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