Affordable Access

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

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

Abstract

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.

There are no comments yet on this publication. Be the first to share your thoughts.