Book review: The US financial crisis: analysis andinterpretation: lessons for China

Suss, J. (2013). Book review: The US financial crisis: analysis andinterpretation: lessons for China.
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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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