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张教授自称《经济解释：张五常英语论文选》是《佃农理论》一书之外可以拿出来表演一下的英语论著。

《经济解释：张五常英语论文选》是张五常教授著名的英语文章结集，以一个经济学家的视角审视经济社会中的各种问题，观点独特，延续了他一贯对经济现象的分析和解释的路径。

张五常，香港经济学家，新制度经济学代表人物之一。他于1967年获博士学位后，先后任教于芝加哥大学、西雅图华盛顿大学。他进一步发展产权理论及交易费用概念，主张只要产权得到完善界定，即可令资源最有效运用。他以《佃农理论》和《蜜蜂的神话》两篇文章享誉学界。自20世纪80年代回到香港大学经济系任教，开始在香港报界以产权理论分析时局，在内地和香港两地引发强烈的学术反响。曾出版作品：《佃农理论》、《五常学经济》、《经济解释》、《中国的前景》、《中国的经济制度》、《卖桔者言》、《中国的前途》等。

神州版序
Foreword by Ronald H. Coase
原序：求学奇遇记（Author’s Preface: An Intellectual Odyssey）
I. Three Lectures
1. Economic Explanation: Let Us Ride with the Surging Tide
2. Deng Xiaoping's Great Transformation
3. The Transaction Costs Paradigm

II. Contract Theory: form Sharecropping to the Firm
4. Private Property Rights and Sharecropping
5. Transaction Costs, Risk Aversion, and the Choice of Contractual Arrangements
6. The Structure of a Contract and the Theory of a Non-Exclusive Resource
7. The Contractual Nature of the Firm
8. Economic Organization and Transaction Costs
9. On the New Institutional Economics
III. Social Cost Theory
10. Coase, Ronald Harry
11. The Fable of the Bees: An Economic Investigation
12. The Theory of Inter-Individual Effects and the Demand for Contracts
13. The Myth of Social Cost

IV. Intricate Pricing Arrangements
14. The Enforcement of Property Rights in Children, and the Marriage Contract
15. Rose Bowl vs. Hong Kong: The Economics of Seat Pricing
16. Commodity Futures: On the Distinction between Commodity Exchange and Crude Oil Exchange

V. Price and Rent Control
17. A Theory of Price control
18. Roofs or Stars: The Stated Intents and Actual Effects of a Rents Ordiance
19. Rent Control and Housing Reconstruction: The Postwar Experience of Prewar Premises in Hong Kong
VI. Intellectual Property Rights
20. Property Rights and Invention
VII. China's Economic Reforms
21. Irving Fisher and the Red Guards
22. Will China go Capitalist?
23. China in Transition: Where Is She Heading Now?
24. Privatization vs. Special Interest: The Experience of China's Economic Reforms
25. Economic Interactions: China vis-a-vis Hong Kong
VIII. Political Economics
26. Why Is There a Lack of Freedom Under Communism?
27. A Simplistic General Equilibrium Theory of Corruption
28. The Curse of Democracy as an Instrument of Reform in Collapsed Communist Economies
29. Common Property Rights
IX. Newspaper Commentaries
30. China's Ten Black Marks
31. From China Maids to Rents-a-Slave
32. Learn From China's Experience
33. On the Wrong Wave Length
Index
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