经济危机产生的根源新探

A New Viewpoint to Study the Root Causes for Economic Crisis

传统的理论认为经济危机产生的根源主要是相对生产过剩或有效需求不足造成的,但是这些理论无法解释2008年由美国次贷危机而引发的经济危机。通过分析诱发此次经济危机的背景发现,在缺乏有效监管的情况下,国际资本的不断扩张和金融衍生品的不断出现,导致了信用体系过度膨胀。庞大的信用体系的崩溃,先是危及到虚拟经济,接着影响到实体经济,进而引发经济危机。因此,信用体系的崩溃成了此次经济危机产生的根源。

The traditional theories think the economic crisis is caused by relative overproduction or insufficient effective demand, but these theories can not explain the economic crisis triggered by the sub - loan in the U.S. in 2008. Through the analysis of the inducement of this economic crisis, it can be discovered that the continual expansion of the international capital and the emergency of financial derivatives led to over - expansion of the credit system. Collapse of the massive credit system first endangered the hypothesized economy, then affected the entity economy, and in the end resulted in the economic crisis. Therefore, the collapse of the credit system became the root cause of the economic crisis.