Crisis and financial regulations

The global crisis brought about resurrecting a debate nearly as old as economics itself: the relationship between state and market. From W. Petty, F. Quesnay and A. Smith JM Keynes, L. von Mises, F. Hayek and M. Friedman, all the great economists of the world expressed their views over time on this important topic. Without going here into details of different argument positions, it appears that there are five major doctrinal guidelines, which correspond to as many as many forms of political action: 1) classical liberalism, 2) the welfare state, 3) keynesianismul, 4) direct interventionism ; 5) neoliberalism.

China in the current global economic crisis

After 30 Years of restructuring, high economic growth and development, China Could Make the global crisis from the very favourable position. Its prompt response with a comprehensive interventionist package seems to have yielded the expected results, but these results might prove unsustainable in the longer run if the chinese development model is not changed. Its interventionist prompt response with a comprehensive package seems to have yielded the results Expected, But Might tissue results prove unsustainable in the longer run if the Chinese development model is note changed.