Economic Thinking On Government Credit

Credibility is a kind of ethic rule in our society and is a very important symbol of modern civilization. In the board teams, credibility means the trust to implement agreements and duties in our social and economic life. Thus, there are a lot of bearers for the credibility, including government credibility, enterprise credibility, organization credibility and individual credibility, etc. The relation among all these bearers of credibility forms the social credit system. Among them, the credit of government is taking the core position and it is the base, playing a key role. Government credit, in short, refers to responsibility & response to hope from people in entitlement agreement. Its core is public confidence in the government and the governments of the public credit. Government credibility has the following characteristics: particularity, of credit bearer, asymmetry of bearers, big social impact, and rigidity of credit. Therefore the importance of government credibility is: it's the guarantee for establish and improve the socialist market mechanism and the requirement of entering WTO and obeying WTO rule and important administrative resource, it's the necessity to build and develop social credit and also internal requirement of political culture construction. However, at the present stage of transition, there happens some negative phenomena that when the government plat its functions, over going of position, lack of position and standing at wrong position;the government makes and implements policy in an unregulated way;lack of opening to public in government behavior, public servant abusing authority, can not take justice in maintaining market system and serious regional protectionism. From the common angle of all countries in the world, the reasons are as follows: origination system inefficiency, the lack of match in information between government and the public and cost-benefit choosing in game theory. From uniqueness of the present situation in our country, the reasons are as follows: the overrunning of government's credit capability, the extension of government's own benefit, cadre selecting system unfairness & departure in government officer's action, lack of government credit responsibility system and self-controlling in government, social credit managing system imperfection etc. Against all these happening of the lack of government creditability,this paper mainly focuses on system creation in internal environment and external environment so as to improve government credibility.Under the guidance of Marxist theory, the thesis is organized according to the principle of "raising the problem, analyzing the problems and solving the problem" The innovation of this paper is that deferring from thinking from the angle of science of politics, public administration, law, it combines general analytical methods with particular analytical method, using information economy theory and game theory to deeply find out the root resulting in government credit problem, it puts the thoughts and approached of institution innovation about constructing government credit comparative perfectly, and these institution innovation is realistic and operational to some extent.