This paper shows that there are two different phases in economics. These are the primal and dual problems. In the primal problem phase, capital expenditures of private corporations grow, creating an impetus towards th...This paper shows that there are two different phases in economics. These are the primal and dual problems. In the primal problem phase, capital expenditures of private corporations grow, creating an impetus towards the maximization of profits. In this case, as Adam Smith once wrote, the ＂invisible hand of God＂ works to lead the economy to a significant growth. This paper defines the concept of economic growth, bubble economy and destruction of bubble economy. And this paper describes why bubble economy occurs and crashes. In the process, this paper shows that primal economy exists before bubble economy and dual economy exists after destruction of bubble economy.展开更多
文摘This paper shows that there are two different phases in economics. These are the primal and dual problems. In the primal problem phase, capital expenditures of private corporations grow, creating an impetus towards the maximization of profits. In this case, as Adam Smith once wrote, the ＂invisible hand of God＂ works to lead the economy to a significant growth. This paper defines the concept of economic growth, bubble economy and destruction of bubble economy. And this paper describes why bubble economy occurs and crashes. In the process, this paper shows that primal economy exists before bubble economy and dual economy exists after destruction of bubble economy.
