The nature of the economic cycle has been a long-standing problem for economists, given much attention by especially Malthus, Marx and Keynes. Key questions include: What are the causes of the economic cycle? Are the causes endogenous or exogenous? and Why is the economic cycle irregular? Economists’ views on these matters have differed, some concluding that governments can intervene effectively to stimulate economic growth, while others argue that government intervention is ineffective and even harmful. This book explores the theory of the economic cycle in relation to economic growth in China, and especially in relation to income distribution and the demand for consumer durables. The book concludes that the cause of the economic cycle is endogenous, that the periodic fluctuation of economic growth and its dynamic equilibrium are natural aspects of the growth of the economy, and it puts forward a new model of the economic cycle which confidently predicts the future trajectory of China’s economic growth.
| ISBN: | 9780367179793 |
| Publication date: | 19th December 2018 |
| Author: | Li Jianwei |
| Publisher: | Routledge an imprint of Taylor & Francis Ltd |
| Format: | Paperback |
| Pagination: | 300 pages |
| Series: | Routledge Studies on the Chinese Economy |
| Genres: |
Ethnic studies Social and cultural history Economic theory and philosophy Economic growth Regional / International studies |
The nature of the economic cycle has been a long-standing problem for economists, given much attention by especially Malthus, Marx and Keynes. Key questions include: What are the causes of the economic cycle? Are the causes endogenous or exogenous? and Why is the economic cycle irregular? Economists’ views on these matters have differed, some concluding that governments can intervene effectively to stimulate economic growth, while others argue that government intervention is ineffective and even harmful. This book explores the theory of the economic cycle in relation to economic growth in China, and especially in relation to income distribution and the demand for consumer durables. The book concludes that the cause of the economic cycle is endogenous, that the periodic fluctuation of economic growth and its dynamic equilibrium are natural aspects of the growth of the economy, and it puts forward a new model of the economic cycle which confidently predicts the future trajectory of China’s economic growth.
The Economic Cycle and the Growth of the Chinese Economy features in the following genres: Ethnic studies, Social and cultural history, Economic theory and philosophy, Economic growth, Regional / International studies
The Economic Cycle and the Growth of the Chinese Economy is available in Paperback, Hardback
The Economic Cycle and the Growth of the Chinese Economy was written by Li Jianwei and published by Routledge an imprint of Taylor & Francis Ltd
The Economic Cycle and the Growth of the Chinese Economy has 300 pages
Yes it is part of Routledge Studies on the Chinese Economy series
£44.09