Yew-Kwang Ng 黃有光


Albert Winsemius Chair Professor of Economics

Nanyang Tehcnological University, Singapore


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Yew-Kwang Ng, Winsemius professor in economics, Nanyang Technological University, Singapore, obtained his BCom from Nanyang University in 1966, and PhD from Sydney University in 1971. He was a professor of economics at Monash University 1985-2012 (and an emeritus professor since 2013) and has been a fellow of the Academy of Social Sciences in Australia since 1980. In 2007, he received the highest award (Distinguished Fellow) of the Economic Society of Australia. He has published over two hundred refereed papers in leading journals in economics, including the American Economic Review (7 papers), Economica (6.5; joint papers counted fractionally), Economic Journal (6), Journal of Economic Theory, Journal of Political Economy (3), Review of Economic Studies (1.5), Social Choice & Welfare (12.5), and in biology, cosmology, mathematics, philosophy, psychology, and sociology. Recent books: Common Mistakes in Economics: By the Public, Students, Economists, and Nobel Laureates, Nova, 2011. How Did the Universe Come About? Fudan University Press, 2011. The Road to Happiness, Fudan University Press, 2013. Happinessism, Wunan Press, Taiwan, 2015. Blogs: @Sina, @Sohu, and @Caixin. Biography in Chinese 中文小傳.


Ten More Important Contributions in Economics

[click here for detailed information with 5 more contributions beyond economics]

1976: The necessity of cardinal utility, including an impossibility theorem in the single or intra-profile framework of social choice

1977: A theory of third best

1982: Combining micro, macro and general-equilibrium analysis

1984: Separating efficiency and equality considerations in specific issues

1987: Diamond goods and burden-free taxes

1993: A new framework analysing the division of labour, joint with Xiaokai Yang [major contributor]

1996: The enrichment of a sector (individual/region/country) benefits others: The third welfare theorem?

2000: A case for higher public spending

2003-2009: Extending welfare economics

2004-2011: Environmental Economics (including sustainable development and climate change)