Steven Ng-Sheong Cheung, a Hong Kong born economist, specializes in the fields of transaction costs and property rights. He is also the most expensive columnist in Hong Kong. Known for his work on private property rights and transaction costs, he achieved his fame with an economic analysis on China open-door policy after 1980s. In his studies of economics, he focuses on economic explanation that is based on real world observation (i.e. an observation first approach).

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  • Steven Ng-Sheong Cheung, a Hong Kong born economist, specializes in the fields of transaction costs and property rights. He is also the most expensive columnist in Hong Kong. Known for his work on private property rights and transaction costs, he achieved his fame with an economic analysis on China open-door policy after 1980s. In his studies of economics, he focuses on economic explanation that is based on real world observation (i.e. an observation first approach). He is also the first to introduce concepts from the Chicago School of Economics into China. He obtained his PhD in economics from UCLA, where his teacher was American economist Armen Alchian. He taught in the Department of Economics at the University of Hong Kong from the 1980s to 1990s. During this period, Cheung reformed the syllabus of Hong Kong's A-level Economics examination, adding the concepts of the postulate of constrained maximization, methodology, transaction cost and property right, most of which originate from the theories of the Chicago school. US authorities have issued an arrest warrant for Cheung on tax-evasion and conspiracy charges. Cheung fled to mainland China from Hong Kong; China has no extradition treaty with the US.
  • 張五常（1935年12月1日－），香港經濟學家，新制度經濟學代表人物之一，畢業於美國加利福尼亞大學洛杉磯分校經濟學系。他以《佃農理論》和《蜜蜂的神话》两篇文章享誉学界。自1980年代起在香港報界以產權理論分析時局，在中港兩地引發迴響。張五常對中國的改革開放跟英治香港時期的自由開放極力推崇。並曾於1988年，引薦佛利民會見中華人民共和國國務總理趙紫陽，朝鮮民主主義共和國經濟管理階層，也時常閱讀其文章，現時港人對產權、自由市場等有近乎信仰式的支持，與此不無關係。
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  • B0C4DE
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  • Steven N. S. Cheung
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  • United States
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  • Steven Ng-Sheong Cheung, a Hong Kong born economist, specializes in the fields of transaction costs and property rights. He is also the most expensive columnist in Hong Kong. Known for his work on private property rights and transaction costs, he achieved his fame with an economic analysis on China open-door policy after 1980s. In his studies of economics, he focuses on economic explanation that is based on real world observation (i.e. an observation first approach).
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  • Steven N. S. Cheung
  • 張五常
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