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WEA Interview with Ping Chen

2013年9月22日 没有评论

…the two-level model of a micro-macro economy is over-simplified for modern economies. We propose a three-level model of a micro-meso-macro economy since the finance sector and industry structure at the meso-economy level is the key to generating innova-tion, instability, business cycles, and crisis.

Power and conflicts are the price of industrialization. That is why we study political economy and social economics. If the Coase theory is valid, there would be no power, no conflicts, no war, no government, and no regulations. This is not true in the history of industrialization.

READ MORE ——PingChenInterviewWEAaug2013

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Three Dimensions of the Current Economic Crisis

2012年2月28日 没有评论

 In Looking for Solutions to the Crisis:The United States and the New International Financial System

“The collapse of the derivative markets is not only just driven by greed; it also resulted from poor models of the stock market.”

“A new financial order can only be achieved if major economies build a system of stable exchange rate and coordinate their policies.”

Three Dimensions of the Current Economic Crisis.pdf

分类: Current Economic Affairs 标签: