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MAO YUSHI
MAO, Yushi, founded the Unirule Institute of Economics with other four economists and acted as Director and Chairman of the Board. He was born on January 14, 1929 in Nanjing, Jiangsu Province, China. He graduated from the Department of Mechanical Engineering, Shanghai University, 1950 and served as apprentice locomotive driver and engineer at Qiqihar Railway Administration 1950-55, then moved to the Railway Research Institute in Beijing as research engineer and fellow on locomotive thermodynamics and train resistance during 1955-84.
  Since the late nineteen seventies, he became interested in mathematical economics and diligently worked out the mathematical method of the Principle of Optimal Allocation in 1979. He moved to the Institute of American Studies, Chinese Academy of Social Sciences on 1984 and went to Harvard University as visiting scholar for one year during 1986 and was appointed resource person for the Africa Energy Policy Research Network during 1987-1994. In 1990 he was invited by the University of Queensland, Australia, as visiting senior lecturer teaching advanced microeconomics.
   After retiring from the Chinese Academy of Social Sciences (CASS) 1993, he founded the Unirule Institute of Economics with other four economists and acted as Director and Chairman of the Board. The Unirule Institute of Economics takes its name from the "universal rules" that drive modern economics. This independent, private think tank - one of the very few in China - is dedicated to the growth of a market economy and the reform of outdated Chinese Government policies. In November 2004 Prof. Mao was elected by the International Business Review as one of the ten most influential economists in China.
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