从经济周期看美国金融危机

在金融泡沫尚未崩溃之前,美国经济实际已经处于长周期的衰退阶段。但新经济论高估技术与制度创新的作用,忽略了正常的经济周期,认识不到美国制造业包括IT产业的周期性衰退。美国企图以极低的利率刺激高新技术产业的高速发展,引起了虚拟经济的过度膨胀。美国金融危机实际上是被人为拉长而积聚了严重失衡的经济周期的一次硬性回归,它的背后是制造业的先期衰退。

Study on the United States' Financial Crisis from the Perspective of Business Cycle

Before the collapse of the financial bubble,the economy of the United States actually has already been in the recession phase of a long cycle.But the new economic theory overestimates the role of new technologies and innovation and neglects the normal business cycle,without acknowledge of the cyclical downturn of manufactures including IT industry.They attempt to stimulate the rapid development of high-tech industries with extremely low interest rates,which brings the excessive expansion of the virtual econ...