In memory of Fei Fangyu His translations have inspired a generation, unfortunately he cannot work f
At 8:15 pm on May 16, the famous economist Fei Fangyu died of pancreatic cancer at Shanghai Punan Hospital at the age of 72.
Fei Fangyu was born in Shanghai in December 1948. In his youth, he once joined the production and construction corps in Heilongjiang as an educated youth. In 1977, Fei Fangyu was admitted to the Department of Politics and Education of Shanghai Normal University and became the first group of college students after the college entrance examination was resumed. In 1985, after obtaining a master's degree in economics from Peking University, Fei Fangyu entered Shanghai University of Finance and Economics as a teacher and received a doctorate in economics from Shanghai University of Finance and Economics in 1998. In 2001, Fei Fangyu taught at Shanghai Jiaotong University, and served successively as the executive dean of the School of Economics of Shanghai Jiaotong University, director of the Economic Research Center of Shanghai Jiaotong University, director of the Research Center for Transitional Economy of Shanghai Jiaotong University, director of Shanghai Metal Futures Exchange, Shanghai Consultation experts and other positions in the Standing Committee of the National People's Congress. Fei Fangyu began to participate in the preparation of the Shanghai Advanced Finance Institute at the end of 2007 and is one of the founders of Gao Jin.
'Professor Fei has done a lot for me, not only translated my book, established a connection between me and China, but also established a center (editor's note: refers to Oliver Hart Contract and Governance Research Center). I miss him very much. 'After receiving the 2016 Nobel Prize in Economics, Harvard professor Oliver Hart sent an email to Qin Xiangdong, a professor at Shanghai Jiaotong University, soon after his death.
On June 28, 2017, Shanghai, Fei Fangyu spoke at the 2017 Lujiazui Global Fintech Investment and Financing Summit. People's Vision Data Map
Fei Fangyu was famous for translating Hart's book 'Enterprise, Contracts, and Financial Structure'. In fact, he is also committed to introducing many foreign classic economics textbooks and books into China.
'Economics: Modern Perspectives' written by American economist Hal R Van Rian and 'Macroeconomics from a Global Perspective' by Jeffrey Sachs helped many Chinese economists grow into leaders in this field. And behind this is Fei Fangyu's contribution to this, he is the Chinese version translator of these two books.
'Microeconomics: Modern Perspectives' has been published in the ninth edition since its publication in early 1994, and has become the designated textbook for many colleges of economics and business in China; 'Macroeconomics from a Global Perspective' was first published in 1997 , The latest version was published in October 2019. When the Chinese version of Macroeconomics from a Global Perspective was published, the famous economist Fan Gang continued it.
The translators of 'Microeconomics: Modern Perspectives' written by American economist Hal R Van Ryan and Jeffrey Sachs' 'Macroeconomics from a Global Perspective' are both Fei Fangyu.
When many economists are studying hard, perhaps they have never imagined who Fei Fangyu is. In the blink of an eye, the Si people have passed away. We can only go back through retrospective efforts to restore the life picture of a person who has made outstanding contributions to Chinese economics education.
Focus on translating the works of British and American economists and introduce experimental economics to Shanghai Jiaotong University
Zhang Jun, Dean of the School of Economics at Fudan University and Fei Fangyu met in the 1980s and had a very personal relationship.
According to Zhang Jun, in the 1990s, Shanghai Sanlian Bookstore planned an economics series 'Contemporary Economics Library'. One of the series is led by the new generation of economists in China, and the other series is the translation of relatively excellent works by foreign economists. In this series of translations, Fei Fangyu is an important figure. For a long time, he paid more attention to the translation of the works of British and American economists, including business textbooks.
'So the old fee is recognized as a person who has contributed to the translation work,' Zhang Jun commented.
In the summer of 1987, the World Bank organized an advanced training course at the School of Economics and Economics of the School of Economics, Fudan University, in which the textbooks of microeconomics used Fan Li'an's works. Zhang Jun recalled that Professor Fei Fangyu's translation of Fan Li'an's textbook a few years later may have a direct relationship with this training class. Source: Zhang Jun, Dean of School of Economics, Fudan University
Professors Chen Xian and Fei Fangyu of the Antai School of Economics and Management, Shanghai Jiao Tong University are both colleagues and old friends. Chen Xian's evaluation of him is that although Fei Fangyu is a locally trained doctor, he is very keen to establish contact with the outside world and is very open in international cooperation.
In 2006, Shanghai Jiaotong University established the Smith Laboratory. Chen Xian introduced that the Shanghai Jiao Tong University School of Economics had established contact with Vernon Smith, a representative of the psychology and experimental economics school, the 2002 Nobel Prize in economics, and the American economist, thanks to Fei Fangyu.
'Smith was born in 1927 and is very old. He was so old and he came to China. At that time, it was also the old fee that established a connection with him. He established the Smith Laboratory at Jiaotong University. The experimental economics of Jiaotong University was once leading in China . This should be said to have a lot to do with old expenses. '
Chen Xian recalled that reform and opening up was more than 40 years old. At that time, many people in China were relatively closed and did not understand experimental economics.
'Lao Fei is still mainly engaged in contract theory, but experimental economics was undoubtedly one of our priorities at the time.' Chen Xian said.
The year you visited Harvard
In 2000, Zhang Jun received a scholarship from Harvard University's Yanjing Institute, and could go to Harvard University for a year of research.
'At that time, the old fee at the Shanghai Finance University told me that the Finance University gave him a sum of money to visit abroad, and the longest can stay for a year. I will tell him that we will go to Harvard together!'
Fei Fangyu immediately wrote a letter to Oliver Hart, Hart gave him an invitation letter, and Fei Fangyu and Zhang Jun and his wife went to Harvard University.
The relationship between Fei Fangyu and Hart began in the 1990s. At the invitation of Fudan University, Hart came to Shanghai to give lectures. At that time, Fei Fangyu was very interested in his theory of contract governance, and the two had a great conversation. Fei Fangyu translated Hart's first work 'Enterprise, Contracts and Financial Structure', which was published by Shanghai People's Publishing House in 1998.
In 2016, the Nobel Prize in Economics was awarded to Oliver Hart and MIT Bentholstrom, in recognition of their contribution to 'contract theory.'
The Swedish Academic Committee said in a statement: 'The human society is concluded because of the contract. The new theoretical tools they have proposed are of great value in understanding the real-life contracts, institutions, and potential pitfalls in contract formulation.'
In 2000, Fei Fangyu was 52 years old. Although his wife was worried, he was determined to go. This is the first time Fei Fangyu has lived alone in a foreign country.
Why is Hart's theory so attractive to Fei Fangyu?
Zhang Jun and Fei Fangyu exchanged quite a lot. He told Peng Mei News that at that time, China's reforms had just entered the stage where some large-scale reorganization of state-owned enterprises, reform of internal governance structure, and establishment of a modern company system were needed. Hart's theory is to understand the company's property rights structure from a contract perspective, including how to define the relationship between the company's founder and management.
Fei Fangyu was attracted by Hart's theory. For a long time, he has been using his theory to study China's enterprise reforms and to reverse the possible problems in Hart's theory through the Chinese characteristics of state-owned enterprises. After returning to Shanghai from Harvard University, Fei Fangyu has been promoting Hart's theory for a long time. At the same time, he also hopes to do some exploration work on the basis of Hart theory. The students he directs are basically researching Hart theory.
'I was not at ease when he went, but I was too busy at work to go with him.' Fei Fangyu's wife Wu Cailan still recalls today with emotion.
'He doesn't do any housework. He is a person who can't control himself. Going to the United States to live alone is a very hard thing for him. I'm at his service at home, and all the suitcases I travel are organized by me. '
Zhang Jun recalled that year was still vivid.
'I took my wife, and he was alone. He lived with me when he hadn't found a house. Later, he found a house outside. Because he is a person, I will be there every three minutes. Let him come to my house to eat and drink, my wife cooks, we eat and drink together to chat. '
In a year at Harvard, Fei Fangyu had no office, and sometimes he would come to Zhang Jun's office. The two of them sometimes go to visit some people together and have some exchanges. In addition to visiting Hart, there are other American economists. Let's make extensive contacts with scholars and schools together.
But in the eyes of his wife Wu Cailan, this year was a very bitter year.
'He just rented a room for foreigners. He would not do any housework or control himself. It was very hard for him.'
Later, Wu Cailan went to the United States to visit relatives for two months, and found that he lost a lot of weight, and he cooked for two days. Because of a long-term lack of nutrition, suddenly nutritional supplements came in, and Fei Fangyu's gout also broke out.
Launched 'The Economist Shanghai Roundtable'
Fei Fangyu and Zhang Jun also did a 'big thing' after returning to Shanghai.
In 2003, under the initiative of more than a dozen economics professors from Fudan, Jiaotong University, and China Normal University, the Shanghai economists initiated the establishment of the “Economist Shanghai Roundtable”. Both Fei Fangyu and Zhang Jun initiated people.
Zhang Jun commented that Fei Fangyu has the characteristics of a typical Shanghai-based economist and is relatively low-key.
'This generation of scholars like Fei Fangyu has good basic skills and solid research. However, the public opinion in Shanghai is not as concentrated as Beijing, and it may appear to be less powerful than the northern economists in terms of social influence.'
Comparing the Shanghai economic circle and the Beijing economic circle, Zhang Jun believes that the Shanghai economists have several characteristics in general, and the first number is small. Taking Beijing as a reference, Beijing not only has universities, but also major institutes and research institutes such as the Chinese Academy of Social Sciences and the Central Ministries, as well as a large number of state-level think tanks, as well as the State Council Research Office. Each of their ministries has research institutions, such as the National Development and Reform Commission Macroeconomic Research Institute, the Ministry of Commerce's Foreign Economic Research Institute, etc.
'I remember that 20 years ago, I participated in the Spring Festival group meeting of Beijing economists, and there were hundreds of people in the first place, but it is good for Shanghai to have an event that can come to a dozen people, so the exchange activities in Shanghai are not as many as in Beijing. There is basically no communication. 'Zhang Jun said.
After returning to Shanghai from the United States, Zhang Jun and Fei Fangyu discussed that the economists in Shanghai still had to communicate and have a voice. Otherwise, the voices of Shanghai economists in the country would not match the economic development of Shanghai, and a The team's climate and voice were active, and the 'Economist Shanghai Roundtable' was born.
Over the past 17 years, the 'Economist Shanghai Round Table Conference' still holds regular meetings. The conference site has long been located at the Antai College of Economics and Management at Jiaotong University, with Chen Xian as the main convener.
Chen Xian told Peng Mei News that this was mentioned by Fei Fangyu during a meeting with Zhang Jun and Pan Yingli, a professor at Shanghai Jiaotong University.
'It was completely private at first, and it took turns in each university without any financial support. At most, it was lunch at noon. (When he was the director of the Development Research Center of the Shanghai Municipal People's Government) Zhou Zhenhua came to work in the Development Research Center. To support this activity through the Development Research Center, providing part of the research funding every year. Now there are three to four round tables a year. '
In Chen Xian's eyes, Fei Fangyu has done a good job in the discipline construction and international cooperation of Jiaotong University, especially in Shanghai, where he advocated a platform such as the 'Economist Roundtable'. The latest round table will be held soon after the two National Conferences this year.
There are many ideas in fintech
After retiring, Fei Fangyu began to be active in the field of financial technology.
On June 15, 2018, the '2018 Smart + New Business Summit-Smart + New Financial Summit' was held in Shanghai to analyze the intelligence of the financial industry brought about by AI, blockchain distributed technology and big data. Image source: Yiou
After arriving at the Shanghai Advanced Institute of Finance, Fei Fangyu served as Dean of the Infan Research Institute and Director of the China Pratt \u0026 Whitney Financial Innovation Center of Shanghai Jiaotong University. At an event in June 2018, Fei Fangyu said that the development of financial technology is a global trend and an important task currently facing China. Shanghai has the responsibility and ability to play a leading role. Seeing the potential and advantages, Shanghai has the confidence and confidence to be the leading FinTech center. Seeing the shortcomings and gaps, Shanghai can have the motivation and focus to become the leading FinTech center. point.
In June 2019, Yi Gang, governor of the People's Bank of China, delivered a keynote speech at the 'Eleventh Lujiazui Forum', saying that to build Shanghai into a financial technology center, the focus of future international competition is financial technology. Fintech is promising, and the People's Bank will actively support Shanghai to explore the application of big data, blockchain, artificial intelligence, cloud computing and other technologies in the financial field.
Fei Fangyu once told his wife Wu Cailan that the greatest regret in his life is that he has a stubborn early illness, otherwise he can do a lot for the economic development of Shanghai.
'He thinks he can really do a lot of things, especially in financial technology, he has a lot of his own ideas. He also had a separate exchange with Vice Mayor Wu Qing, and gave suggestions to the city.'
7 years in the Heilongjiang Production and Construction Corps
'He was born in 1948 and went to Heilongjiang to join the team, so I feel that he is a more economical person in life, and then he is more stable. He left an impression on others that he is less likely to argue with others.' .
The poet Guo Lusheng's 'Believe the Future' written in the 1960s represents the stubbornness of that generation:
'When the cobwebs sealed my hearth relentlessly, when the ashes of the ashes sighed for the sadness of poverty, I still stubbornly paved the ashes of disappointment and wrote with beautiful snowflakes: Believe in the future!'
In his youth, Fei Fangyu was a educated youth in the Heilongjiang Production and Construction Corps for 7 years.
On December 25, 1968, the Shanghai Municipal Revolutionary Committee decided that all unallocated middle school graduates in this city will adopt a 'red flag' policy. In 1968 and 1969, two middle school graduates (a total of 460,000 people) and the previous two The unallocated graduates, with the exception of a few physical disabilities and families with special difficulties, have a total of 507,000 people, all mobilized to the countryside.
Fei Fangyu and his wife Wu Cailan are high school classmates. They were all assigned to Heilongjiang, but they were assigned to different units. Fei Fangyu, who graduated from high school, became a brick and mortar worker.
Life in Heilongjiang is very hard. It is cold and cold, and must work at minus 30 degrees. 99% of the food eaten is coarse grains. Fei Fangyu's daily job in the brick and tile factory is to make bricks, move bricks, and burn bricks. Later, the leader discovered that he loved to study, and asked him to be a reporter.
Zhang Jun, as the youngest in the economist circle of the first generation in the 1950s, can be said to be dealing with two generations at the same time. This generation of economists represented by Fei Fangyu has historical defects in academic training. Compared with the young economists now, technical equipment is not enough at the level of mathematical analysis and empirical analysis. Another feature of this generation is that foreign language reading and writing skills may be strong, but spoken language is not as good as young people.
In the eyes of his wife, Fei Fangyu has always loved learning. His mathematics, physics and chemistry are very good. If he did n’t interrupt the college entrance examination because of the Cultural Revolution, he would be the material of science. By the time the college entrance examination resumed, because of his age, he could only take the liberal arts. But his mathematical foundation later became his foundation for studying economics and finance.
After returning from Heilongjiang, Fei Fangyu was assigned to the police station under the Shanghai Changning Branch as a police officer for two or three years. Wu Cailan recalled an interesting thing about him: Once on the police, Fei Fangyu fell over because he could not see clearly with glasses. When the leader found that he was not a police officer, he sent him to the office to write internal reference.
Therefore, Fei Fangyu was 31 years old when he stepped into the university gate, so he felt very urgent.
'When he was young, he could hold the bus handle in one hand and the card in the other hand to learn foreign languages. When he was studying at university, when he came home, one sock was his own, the other sock was a classmate's, and his sweater I do n’t even know. He is such a person. ”Mrs. Wu Cailan said.
After resuming the college entrance examination, Fei Fangyu became the first group of college students to enter the Department of Political Education of Shanghai Normal University and embarked on the road of economic research. In 1985, Fei Fangyu obtained a master's degree from the Department of Economics of Peking University. During that time he read 'Capital' and then taught at Shanghai University of Finance and Economics. In 2001, Fei Fangyu transferred to Shanghai Jiaotong University, and later served as the executive dean of the School of Economics and Management of Antai College of Economics and Management of Jiaotong University, and later participated in the establishment of Shanghai Advanced Finance College until retirement.
Chen Xian encountered Fei Fangyu twice after he became ill. According to his understanding, Fei Fangyu took conservative treatment, and it was already in the late stage of discovery.
'After he became ill, I first met him at a meeting in school. I found out that he lost a lot of weight, and I said how old did you lose so much. I thought he was diabetic, and people suddenly lost weight, he Say no, he said he was terminally ill, and he did n’t tell me that he was sick at the time. I also told him that although you are sick, it ’s good to walk out and move around. It ’s been a while. I met him at a meeting in another place. '
In September 2019, 'Oliver Hart Contract and Governance Research Center' was established at East China University of Science and Technology. Fei Fangyu (first right) was already very unwell. East China University of Science and Technology
On September 22, 2019, the Oliver Hart Contract and Governance Research Center, named after Oliver Hart, the 2016 Nobel Prize winner in economics, was established at East China University of Science and Technology.
Fei Fangyu attended the on-site ceremony and worked together with Du Huifang, Secretary of the Party Committee of East China University of Science and Technology, Oliver Hart and Chairman of the Board of Directors and CEO of Haier Group, Zhang Ruimin, as well as Shanghai Municipal Committee of Xuhui District Committee and Propaganda Minister Lu Xiaohui for the site of the research center Unveil. Although his body was very unwell at the time.
Wu Cailan said, 'He told Hart that I have to work hard for a few years to establish this center.'
During the days of fighting against the disease, Fei Fangyu was informed by the doctor several times of the 'deadline'. The doctor once asserted that he could not pass New Year's Day, Spring Festival, or Qingming, but in the end he stubbornly survived 16 months. Fei Fangyu, who loves to make friends, also accidentally made the last friend in the last days of his life.
During his hospitalization in Shanghai Cancer Hospital, Fei Fangyu lived in the same ward as Mr. Ye Yonglie, a well-known writer with cancer. The two encouraged and supported each other and talked and laughed. They didn't expect that the two intellectuals who had been active in different fields in Shanghai could accompany each other in the last time of their lives. The time of death was only 1 day apart.
Ye Yonglie died in Shanghai Changhai Hospital on the morning of May 15 at the age of 80. Fei Fangyu died in Shanghai Punan Hospital on the evening of May 16, at the age of 72.
Fei Fangyu was born in Shanghai in December 1948. In his youth, he once joined the production and construction corps in Heilongjiang as an educated youth. In 1977, Fei Fangyu was admitted to the Department of Politics and Education of Shanghai Normal University and became the first group of college students after the college entrance examination was resumed. In 1985, after obtaining a master's degree in economics from Peking University, Fei Fangyu entered Shanghai University of Finance and Economics as a teacher and received a doctorate in economics from Shanghai University of Finance and Economics in 1998. In 2001, Fei Fangyu taught at Shanghai Jiaotong University, and served successively as the executive dean of the School of Economics of Shanghai Jiaotong University, director of the Economic Research Center of Shanghai Jiaotong University, director of the Research Center for Transitional Economy of Shanghai Jiaotong University, director of Shanghai Metal Futures Exchange, Shanghai Consultation experts and other positions in the Standing Committee of the National People's Congress. Fei Fangyu began to participate in the preparation of the Shanghai Advanced Finance Institute at the end of 2007 and is one of the founders of Gao Jin.
'Professor Fei has done a lot for me, not only translated my book, established a connection between me and China, but also established a center (editor's note: refers to Oliver Hart Contract and Governance Research Center). I miss him very much. 'After receiving the 2016 Nobel Prize in Economics, Harvard professor Oliver Hart sent an email to Qin Xiangdong, a professor at Shanghai Jiaotong University, soon after his death.
On June 28, 2017, Shanghai, Fei Fangyu spoke at the 2017 Lujiazui Global Fintech Investment and Financing Summit. People's Vision Data Map
Fei Fangyu was famous for translating Hart's book 'Enterprise, Contracts, and Financial Structure'. In fact, he is also committed to introducing many foreign classic economics textbooks and books into China.
'Economics: Modern Perspectives' written by American economist Hal R Van Rian and 'Macroeconomics from a Global Perspective' by Jeffrey Sachs helped many Chinese economists grow into leaders in this field. And behind this is Fei Fangyu's contribution to this, he is the Chinese version translator of these two books.
'Microeconomics: Modern Perspectives' has been published in the ninth edition since its publication in early 1994, and has become the designated textbook for many colleges of economics and business in China; 'Macroeconomics from a Global Perspective' was first published in 1997 , The latest version was published in October 2019. When the Chinese version of Macroeconomics from a Global Perspective was published, the famous economist Fan Gang continued it.
The translators of 'Microeconomics: Modern Perspectives' written by American economist Hal R Van Ryan and Jeffrey Sachs' 'Macroeconomics from a Global Perspective' are both Fei Fangyu.
When many economists are studying hard, perhaps they have never imagined who Fei Fangyu is. In the blink of an eye, the Si people have passed away. We can only go back through retrospective efforts to restore the life picture of a person who has made outstanding contributions to Chinese economics education.
Focus on translating the works of British and American economists and introduce experimental economics to Shanghai Jiaotong University
Zhang Jun, Dean of the School of Economics at Fudan University and Fei Fangyu met in the 1980s and had a very personal relationship.
According to Zhang Jun, in the 1990s, Shanghai Sanlian Bookstore planned an economics series 'Contemporary Economics Library'. One of the series is led by the new generation of economists in China, and the other series is the translation of relatively excellent works by foreign economists. In this series of translations, Fei Fangyu is an important figure. For a long time, he paid more attention to the translation of the works of British and American economists, including business textbooks.
'So the old fee is recognized as a person who has contributed to the translation work,' Zhang Jun commented.
In the summer of 1987, the World Bank organized an advanced training course at the School of Economics and Economics of the School of Economics, Fudan University, in which the textbooks of microeconomics used Fan Li'an's works. Zhang Jun recalled that Professor Fei Fangyu's translation of Fan Li'an's textbook a few years later may have a direct relationship with this training class. Source: Zhang Jun, Dean of School of Economics, Fudan University
Professors Chen Xian and Fei Fangyu of the Antai School of Economics and Management, Shanghai Jiao Tong University are both colleagues and old friends. Chen Xian's evaluation of him is that although Fei Fangyu is a locally trained doctor, he is very keen to establish contact with the outside world and is very open in international cooperation.
In 2006, Shanghai Jiaotong University established the Smith Laboratory. Chen Xian introduced that the Shanghai Jiao Tong University School of Economics had established contact with Vernon Smith, a representative of the psychology and experimental economics school, the 2002 Nobel Prize in economics, and the American economist, thanks to Fei Fangyu.
'Smith was born in 1927 and is very old. He was so old and he came to China. At that time, it was also the old fee that established a connection with him. He established the Smith Laboratory at Jiaotong University. The experimental economics of Jiaotong University was once leading in China . This should be said to have a lot to do with old expenses. '
Chen Xian recalled that reform and opening up was more than 40 years old. At that time, many people in China were relatively closed and did not understand experimental economics.
'Lao Fei is still mainly engaged in contract theory, but experimental economics was undoubtedly one of our priorities at the time.' Chen Xian said.
The year you visited Harvard
In 2000, Zhang Jun received a scholarship from Harvard University's Yanjing Institute, and could go to Harvard University for a year of research.
'At that time, the old fee at the Shanghai Finance University told me that the Finance University gave him a sum of money to visit abroad, and the longest can stay for a year. I will tell him that we will go to Harvard together!'
Fei Fangyu immediately wrote a letter to Oliver Hart, Hart gave him an invitation letter, and Fei Fangyu and Zhang Jun and his wife went to Harvard University.
The relationship between Fei Fangyu and Hart began in the 1990s. At the invitation of Fudan University, Hart came to Shanghai to give lectures. At that time, Fei Fangyu was very interested in his theory of contract governance, and the two had a great conversation. Fei Fangyu translated Hart's first work 'Enterprise, Contracts and Financial Structure', which was published by Shanghai People's Publishing House in 1998.
In 2016, the Nobel Prize in Economics was awarded to Oliver Hart and MIT Bentholstrom, in recognition of their contribution to 'contract theory.'
The Swedish Academic Committee said in a statement: 'The human society is concluded because of the contract. The new theoretical tools they have proposed are of great value in understanding the real-life contracts, institutions, and potential pitfalls in contract formulation.'
In 2000, Fei Fangyu was 52 years old. Although his wife was worried, he was determined to go. This is the first time Fei Fangyu has lived alone in a foreign country.
Why is Hart's theory so attractive to Fei Fangyu?
Zhang Jun and Fei Fangyu exchanged quite a lot. He told Peng Mei News that at that time, China's reforms had just entered the stage where some large-scale reorganization of state-owned enterprises, reform of internal governance structure, and establishment of a modern company system were needed. Hart's theory is to understand the company's property rights structure from a contract perspective, including how to define the relationship between the company's founder and management.
Fei Fangyu was attracted by Hart's theory. For a long time, he has been using his theory to study China's enterprise reforms and to reverse the possible problems in Hart's theory through the Chinese characteristics of state-owned enterprises. After returning to Shanghai from Harvard University, Fei Fangyu has been promoting Hart's theory for a long time. At the same time, he also hopes to do some exploration work on the basis of Hart theory. The students he directs are basically researching Hart theory.
'I was not at ease when he went, but I was too busy at work to go with him.' Fei Fangyu's wife Wu Cailan still recalls today with emotion.
'He doesn't do any housework. He is a person who can't control himself. Going to the United States to live alone is a very hard thing for him. I'm at his service at home, and all the suitcases I travel are organized by me. '
Zhang Jun recalled that year was still vivid.
'I took my wife, and he was alone. He lived with me when he hadn't found a house. Later, he found a house outside. Because he is a person, I will be there every three minutes. Let him come to my house to eat and drink, my wife cooks, we eat and drink together to chat. '
In a year at Harvard, Fei Fangyu had no office, and sometimes he would come to Zhang Jun's office. The two of them sometimes go to visit some people together and have some exchanges. In addition to visiting Hart, there are other American economists. Let's make extensive contacts with scholars and schools together.
But in the eyes of his wife Wu Cailan, this year was a very bitter year.
'He just rented a room for foreigners. He would not do any housework or control himself. It was very hard for him.'
Later, Wu Cailan went to the United States to visit relatives for two months, and found that he lost a lot of weight, and he cooked for two days. Because of a long-term lack of nutrition, suddenly nutritional supplements came in, and Fei Fangyu's gout also broke out.
Launched 'The Economist Shanghai Roundtable'
Fei Fangyu and Zhang Jun also did a 'big thing' after returning to Shanghai.
In 2003, under the initiative of more than a dozen economics professors from Fudan, Jiaotong University, and China Normal University, the Shanghai economists initiated the establishment of the “Economist Shanghai Roundtable”. Both Fei Fangyu and Zhang Jun initiated people.
Zhang Jun commented that Fei Fangyu has the characteristics of a typical Shanghai-based economist and is relatively low-key.
'This generation of scholars like Fei Fangyu has good basic skills and solid research. However, the public opinion in Shanghai is not as concentrated as Beijing, and it may appear to be less powerful than the northern economists in terms of social influence.'
Comparing the Shanghai economic circle and the Beijing economic circle, Zhang Jun believes that the Shanghai economists have several characteristics in general, and the first number is small. Taking Beijing as a reference, Beijing not only has universities, but also major institutes and research institutes such as the Chinese Academy of Social Sciences and the Central Ministries, as well as a large number of state-level think tanks, as well as the State Council Research Office. Each of their ministries has research institutions, such as the National Development and Reform Commission Macroeconomic Research Institute, the Ministry of Commerce's Foreign Economic Research Institute, etc.
'I remember that 20 years ago, I participated in the Spring Festival group meeting of Beijing economists, and there were hundreds of people in the first place, but it is good for Shanghai to have an event that can come to a dozen people, so the exchange activities in Shanghai are not as many as in Beijing. There is basically no communication. 'Zhang Jun said.
After returning to Shanghai from the United States, Zhang Jun and Fei Fangyu discussed that the economists in Shanghai still had to communicate and have a voice. Otherwise, the voices of Shanghai economists in the country would not match the economic development of Shanghai, and a The team's climate and voice were active, and the 'Economist Shanghai Roundtable' was born.
Over the past 17 years, the 'Economist Shanghai Round Table Conference' still holds regular meetings. The conference site has long been located at the Antai College of Economics and Management at Jiaotong University, with Chen Xian as the main convener.
Chen Xian told Peng Mei News that this was mentioned by Fei Fangyu during a meeting with Zhang Jun and Pan Yingli, a professor at Shanghai Jiaotong University.
'It was completely private at first, and it took turns in each university without any financial support. At most, it was lunch at noon. (When he was the director of the Development Research Center of the Shanghai Municipal People's Government) Zhou Zhenhua came to work in the Development Research Center. To support this activity through the Development Research Center, providing part of the research funding every year. Now there are three to four round tables a year. '
In Chen Xian's eyes, Fei Fangyu has done a good job in the discipline construction and international cooperation of Jiaotong University, especially in Shanghai, where he advocated a platform such as the 'Economist Roundtable'. The latest round table will be held soon after the two National Conferences this year.
There are many ideas in fintech
After retiring, Fei Fangyu began to be active in the field of financial technology.
On June 15, 2018, the '2018 Smart + New Business Summit-Smart + New Financial Summit' was held in Shanghai to analyze the intelligence of the financial industry brought about by AI, blockchain distributed technology and big data. Image source: Yiou
After arriving at the Shanghai Advanced Institute of Finance, Fei Fangyu served as Dean of the Infan Research Institute and Director of the China Pratt \u0026 Whitney Financial Innovation Center of Shanghai Jiaotong University. At an event in June 2018, Fei Fangyu said that the development of financial technology is a global trend and an important task currently facing China. Shanghai has the responsibility and ability to play a leading role. Seeing the potential and advantages, Shanghai has the confidence and confidence to be the leading FinTech center. Seeing the shortcomings and gaps, Shanghai can have the motivation and focus to become the leading FinTech center. point.
In June 2019, Yi Gang, governor of the People's Bank of China, delivered a keynote speech at the 'Eleventh Lujiazui Forum', saying that to build Shanghai into a financial technology center, the focus of future international competition is financial technology. Fintech is promising, and the People's Bank will actively support Shanghai to explore the application of big data, blockchain, artificial intelligence, cloud computing and other technologies in the financial field.
Fei Fangyu once told his wife Wu Cailan that the greatest regret in his life is that he has a stubborn early illness, otherwise he can do a lot for the economic development of Shanghai.
'He thinks he can really do a lot of things, especially in financial technology, he has a lot of his own ideas. He also had a separate exchange with Vice Mayor Wu Qing, and gave suggestions to the city.'
7 years in the Heilongjiang Production and Construction Corps
'He was born in 1948 and went to Heilongjiang to join the team, so I feel that he is a more economical person in life, and then he is more stable. He left an impression on others that he is less likely to argue with others.' .
The poet Guo Lusheng's 'Believe the Future' written in the 1960s represents the stubbornness of that generation:
'When the cobwebs sealed my hearth relentlessly, when the ashes of the ashes sighed for the sadness of poverty, I still stubbornly paved the ashes of disappointment and wrote with beautiful snowflakes: Believe in the future!'
In his youth, Fei Fangyu was a educated youth in the Heilongjiang Production and Construction Corps for 7 years.
On December 25, 1968, the Shanghai Municipal Revolutionary Committee decided that all unallocated middle school graduates in this city will adopt a 'red flag' policy. In 1968 and 1969, two middle school graduates (a total of 460,000 people) and the previous two The unallocated graduates, with the exception of a few physical disabilities and families with special difficulties, have a total of 507,000 people, all mobilized to the countryside.
Fei Fangyu and his wife Wu Cailan are high school classmates. They were all assigned to Heilongjiang, but they were assigned to different units. Fei Fangyu, who graduated from high school, became a brick and mortar worker.
Life in Heilongjiang is very hard. It is cold and cold, and must work at minus 30 degrees. 99% of the food eaten is coarse grains. Fei Fangyu's daily job in the brick and tile factory is to make bricks, move bricks, and burn bricks. Later, the leader discovered that he loved to study, and asked him to be a reporter.
Zhang Jun, as the youngest in the economist circle of the first generation in the 1950s, can be said to be dealing with two generations at the same time. This generation of economists represented by Fei Fangyu has historical defects in academic training. Compared with the young economists now, technical equipment is not enough at the level of mathematical analysis and empirical analysis. Another feature of this generation is that foreign language reading and writing skills may be strong, but spoken language is not as good as young people.
In the eyes of his wife, Fei Fangyu has always loved learning. His mathematics, physics and chemistry are very good. If he did n’t interrupt the college entrance examination because of the Cultural Revolution, he would be the material of science. By the time the college entrance examination resumed, because of his age, he could only take the liberal arts. But his mathematical foundation later became his foundation for studying economics and finance.
After returning from Heilongjiang, Fei Fangyu was assigned to the police station under the Shanghai Changning Branch as a police officer for two or three years. Wu Cailan recalled an interesting thing about him: Once on the police, Fei Fangyu fell over because he could not see clearly with glasses. When the leader found that he was not a police officer, he sent him to the office to write internal reference.
Therefore, Fei Fangyu was 31 years old when he stepped into the university gate, so he felt very urgent.
'When he was young, he could hold the bus handle in one hand and the card in the other hand to learn foreign languages. When he was studying at university, when he came home, one sock was his own, the other sock was a classmate's, and his sweater I do n’t even know. He is such a person. ”Mrs. Wu Cailan said.
After resuming the college entrance examination, Fei Fangyu became the first group of college students to enter the Department of Political Education of Shanghai Normal University and embarked on the road of economic research. In 1985, Fei Fangyu obtained a master's degree from the Department of Economics of Peking University. During that time he read 'Capital' and then taught at Shanghai University of Finance and Economics. In 2001, Fei Fangyu transferred to Shanghai Jiaotong University, and later served as the executive dean of the School of Economics and Management of Antai College of Economics and Management of Jiaotong University, and later participated in the establishment of Shanghai Advanced Finance College until retirement.
Chen Xian encountered Fei Fangyu twice after he became ill. According to his understanding, Fei Fangyu took conservative treatment, and it was already in the late stage of discovery.
'After he became ill, I first met him at a meeting in school. I found out that he lost a lot of weight, and I said how old did you lose so much. I thought he was diabetic, and people suddenly lost weight, he Say no, he said he was terminally ill, and he did n’t tell me that he was sick at the time. I also told him that although you are sick, it ’s good to walk out and move around. It ’s been a while. I met him at a meeting in another place. '
In September 2019, 'Oliver Hart Contract and Governance Research Center' was established at East China University of Science and Technology. Fei Fangyu (first right) was already very unwell. East China University of Science and Technology
On September 22, 2019, the Oliver Hart Contract and Governance Research Center, named after Oliver Hart, the 2016 Nobel Prize winner in economics, was established at East China University of Science and Technology.
Fei Fangyu attended the on-site ceremony and worked together with Du Huifang, Secretary of the Party Committee of East China University of Science and Technology, Oliver Hart and Chairman of the Board of Directors and CEO of Haier Group, Zhang Ruimin, as well as Shanghai Municipal Committee of Xuhui District Committee and Propaganda Minister Lu Xiaohui for the site of the research center Unveil. Although his body was very unwell at the time.
Wu Cailan said, 'He told Hart that I have to work hard for a few years to establish this center.'
During the days of fighting against the disease, Fei Fangyu was informed by the doctor several times of the 'deadline'. The doctor once asserted that he could not pass New Year's Day, Spring Festival, or Qingming, but in the end he stubbornly survived 16 months. Fei Fangyu, who loves to make friends, also accidentally made the last friend in the last days of his life.
During his hospitalization in Shanghai Cancer Hospital, Fei Fangyu lived in the same ward as Mr. Ye Yonglie, a well-known writer with cancer. The two encouraged and supported each other and talked and laughed. They didn't expect that the two intellectuals who had been active in different fields in Shanghai could accompany each other in the last time of their lives. The time of death was only 1 day apart.
Ye Yonglie died in Shanghai Changhai Hospital on the morning of May 15 at the age of 80. Fei Fangyu died in Shanghai Punan Hospital on the evening of May 16, at the age of 72.
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