当经济学遭遇中国金融改革:几个问题的新解释

When Economics Encounters China’s Financial Reform——A New Interpretation of Some Issues

中华人民共和国成立70年以来,经历40年改革开放,中国经济迅速崛起。可是,人们惊奇地发现,中国经济的成长并未遵循主流经济学划定的路线图,这对长期被奉为圭臬的欧美经济制度和主流经济学都构成前所未有的冲击。中国改革开放过程陆续涌现出许多极具本土特色的经济金融故事,既有的主流经济学框架一时无法给出合理解释。本文从中国金融改革过程中选择具有代表性的五个问题进行讨论,力求给出全新解释,旨在揭示主流经济学遭遇中国金融问题时所面临的理论困境。在此基础上进一步强调,主流经济学需要直面中国经验。与其将活生生的中国经济金融故事塞进冰冷的数理模型借以得出某些先验结论,不如先让故事本身现身说法,然后从中梳理出若干理论逻辑更有价值。更为重要的是,既有的改革与发展进程已为中国经济学家在全球经济学舞台争得一席之地准备了十分丰富的故事素材,剩下的就要看本土学者的学术努力了。

After 40 years of reform and opening up,China has risen up in economy,but in a way different from that defined by the mainstream economics which has long been cherished as a model,thus posing a challenge to the western economic system.During the process,there have occurred many economic and financial stories typical of Chinese characteristics to which the mainstream economics cannot yet give a valid explanation.By selecting five out of those representative issues,this paper seeks to present a brand new account in illustration of the theoretical dilemma faced by the mainstream economics in China.From this,it is concluded that what matters to the mainstream economics is to sort through the Chinese experience so as to draw some theoretically valuable logic rather than to stuff it into certain lifeless mathematical models for the purpose of inferring a priori conclusion.More importantly,with so many rich materials,the past reform and growth have set in place a precious opportunity for Chinese economists to shine on the global economic arena.The rest depends on our own efforts.