Ping Chen

 date:2016-2-2 16:13:00          
Professor of Economics, Doctoral Supervisor

National School of Development, Peking University


Senior Research Fellow and Chair of Academic Committee

Center for New Political Economy, Fudan University


Part-time Professor, Part-time Doctoral Supervisor

Economic School, Fudan University


Foreign Research Fellow, The Center of Capitalism and Society

Columbia University


Research Areas

Macroeconomics, Financial Economics, Microeconomics, Econometrics,

Institutional Economics, Complexity Science, Political Economics,

Transition and Development Economics, Evolutionary Economics,

Cultural Anthropology, Economic History, History of Science, etc.


Education Background

Ph.D. in Physics , 1987, University of Texas at Austin. GPA : 4.0 (straight A).
Doctoral Dissertation : Nonlinear Dynamics and Business Cycles.
Dissertation Supervisor : Prof. Ilya Prigogine who received the Nobel Prize in Chemistry in 1977.

B.S. in Physics, 1968. University of Science & Technology of China, Chinese Academy of Sciences, Beijing, China


2008 - present

Professor of Economics, National School of Development, Peking University


2003 - present
Senior Research Fellow and Chair of Academic Committee, Center for New Political Economy, Fudan University 


2002 - present

Visiting Scholar, Center for Complex Quantum Mechanics, University of Texas at Austin.


1999 - present
Co-Director, Virtual Center for Complexity Science at Peking University. 2001 - present

Professor of Economics, China Center for Economic Research, Peking University




Deputy Director (in charge of research), China Center for Economic Research, Peking University  



Research Scientist, Prigogine Center for Studies in Statistical Mechanics and Complex Systems, University of Texas at Austin



Research Associate, Prigogine Center for Studies in Statistical Mechanics and Complex Systems, University of Texas at Austin



Postdoctoral Fellow, Ilya Prigogine Center for Studies in Thermodynamics and Statistical Mechanics, University of Texas at Austin



Research Assistant, Ilya Prigogine Center for Studies in Thermodynamics and Statistical Mechanics, University of Texas at Austin



Research Assistant, Institute of Plasma Physics, Chinese Academy of Science


Books Published

Chen, Ping. Economic Complexity and Equilibrium Illusion: Essays on Market Instability and Macro Vitality, London: Routledge (2010).


2. Richard Day and Ping ChenNonlinear Dynamics and Evolutionary Economics, Oxford University Press, Oxford (1993).


Recent Research Papers

1. Chen, Ping. “From an Efficient to a Viable International Financial Market,” in R. Garnaut, L. Song and W.T.Woo eds. China’s New Place in a World in Crisis: Economic, Geopolitical and the Environmental Dimensions, Chapter 3, pp.33-57, Australian National University E-Press and The Brookings Institution Press, Canberra (2009).


2. Chen, Ping. “Three Dimensions of Current Economic Crisis,” in Looking for Solutions to the Crisis: The United States and the New International Financial System, Conference Proceedings, New York, Nov. 14, 2008, EPS (Economists for Peace and Security) and IRE(International Initiative for Rethinking the Economy), Published in Clamecy, France (2009)


3. Chen, Ping. “Equilibrium Illusion, Economic Complexity, and Evolutionary Foundation of Economic Analysis,” Evolutionary and Institutional Economics Review, 5(1), 81-127 (2008).


4. Chen, Ping. “Complexity of Transaction Costs and Evolution of Corporate Governance,” Kyoto Economic Review, 76(2), 139153 (2008).


5. Chen, Ping. “Market Instability and Economic Complexity: Theoretical Lessons from Transition Experiments,” in Yang Yao and Linda Yueh eds., Globalisation and Economic Growth in China, Chapter 3, pp.35-58, World Scientific, Singapore (2006).


6. Chen, Ping. “Evolutionary Economic Dynamics: Persistent Business Cycles, Disruptive Technology, and the Trade-Off between Stability and Complexity,” in Kurt Dopfer ed., The Evolutionary Foundations of Economics, Chapter 15, pp.472-505, Cambridge University Press, Cambridge (2005).


7. Chen, Ping. “Microfoundations of Macroeconomic Fluctuations and the Laws of Probability Theory: the Principle of Large Numbers vs. Rational Expectations Arbitrage,” Journal of Economic Behavior & Organization, 49, 327-344 (2002).


8. Chen, Ping. “A Random Walk or Color Chaos on the Stock Market? - Time-Frequency Analysis of S&P Indexes,” Studies in Nonlinear Dynamics & Econometrics , 1(2), 87-103 (1996).


9. Chen, Ping. “Trends, Shocks, Persistent Cycles in Evolving Economy:  Business Cycle Measurement  in Time-Frequency Representation,” in W. A. Barnett, A. P. Kirman, and M. Salmon eds., Nonlinear Dynamics and Economics,  Chapter 13, pp. 307-331, Cambridge University Press (1996).


10. Chen, Ping. “China's Challenge to Economic Orthodoxy: Asian Reform as an Evolutionary, Self-Organizing Process,” China Economic Review, 4, 137-142 (1993).


11. Chen, Ping. “Imitation, Learning, and Communication: Central or Polarized Patterns in Collective Actions,” in A. Babloyantz ed., Self-Organization, Emerging Properties and Learning,  pp. 279-286, Plenum, New York (1991).


12. Chen, Ping. “Needham's Question and China's Evolution - Cases of Nonequilibrium Social Transition,”  George Scott ed., Time Rhythms and Chaos in the New Dialogue with Nature, Chapter 11, pp.177-198, University of South Dakota at Vermillion, Iowa State University Press (1990).


13. Chen, Ping. “The Aggregation-Theoretic Monetary Aggregates are Chaotic and Have Strange Attractors: An Econometric Application of Mathematical Chaos” (co-authored with William A. Barnett), in Dynamic Economic Modeling, W. A. Barnett, E. Berndt, and H. White eds., Chapter 11, pp.199-245, Cambridge University Press, Cambridge (1988 ).


14. Chen, Ping. “Empirical and Theoretical Evidence of Economic Chaos,” System Dynamics Review,  Vol. 4, No. 1-2, 81-108 (1988)

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