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Book review: The US financial crisis: analysis and interpretation: lessons for China

London School of Economics and Political Science
Publication Date
  • Hc Economic History And Conditions
  • Hg Finance
  • Economics


Cheng Siwei evaluates the effects of China’s countermeasures to the financial crisis and identifies the excessive growth of ‘fictitious capital’, a concept developed by Karl Marx, as its root cause. Joel Suss finds that while the author does provide excellent economic policy advice, he does not spell out policies that may shore up credibility and stop panic from spreading.

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