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The New Vision Of The Economic Cycle Analysis And Its Relationship With U.S.sub-prime Crisis

Posted on:2011-03-08Degree:MasterType:Thesis
Country:ChinaCandidate:C L LiuFull Text:PDF
GTID:2189360308482695Subject:World economy
Abstract/Summary:
Marx's theory of economic cycles that the economic crisis will only occur under the capitalist system, its essence is the production of relative surplus of crisis. Its roots in the socialization of production and the means of production, the contradiction between the capitalist private ownership, that is the basic contradiction of capitalism. This contradiction with the dominant capitalist mode of production and full start, when the sharp intensification of the contradictions extent, they cause economic crisis. Basic contradictions of capitalism as a concrete manifestation of the economic crisis caused by both the intensification of contradictions:First, within each individual company and the entire production of organized anarchy of social production and the contradictions between; second is an infinite expansion of capitalist production, the trend with the working people have ability to pay the contradiction between demand is relatively narrow. This contradiction has led to surplus production, thus triggering an economic crisis, resulting in fluctuations in the economic cycle.This paper endorsed the elaboration of Marx's economic crisis, but on this basis, this paper want to do is from Marx on the root causes of the economic crisis starting to further the purpose of quantitative analysis of the problem. And therefore need to look at the price of this specific changes, specific changes in output, profitability of the specific changes, but to discuss the specific issue of the amount of these changes, you need to point in the analysis carried out on a certain transformation. In this paper, the output of the society as a whole expansion and contraction of the study, pairs of the process and impact of the economic cycle terms of which were further explored. To examine overproduction, we need an infinite expansion of capitalist production, the trend with the needs of working people have the ability to pay the contradiction between the relatively narrow analysis, we have the total social product can be divided into three parts, one used to meet the consumption needs of working people the other part is to meet consumer demand, the capitalists, the third part is used to meet the needs of capitalist production, then the needs of working people have the ability to pay coupled with the capitalist consumer demand and the demand for production and, with the social reality production out the difference between, that is, the excess part of the social output. The reason why output surplus lies in the working people have the ability to pay the demand to the total percentage of products with the expansion of output smaller capitalists demand for production to the total percentage of products with the expansion of output larger.When there is an excess of production, if the capitalists can be used to produce the needs of the multi-part for their own consumption, that is, the capitalist production requirements are decreased, reducing the total social output, while the capitalists to increase consumer demand, that is, when the production of adequate social general consumer goods, the others are used for production of luxury goods, then the more the number of total output of society will be able to come down, and able to meet the social demand, production is not excessive, or capitalists for the production of more demand for some of all of is used to working people, consumption, excess does not occur naturally, it is obviously impossible. And, as Marx said, the capitalists are chasing the residual value of nature, the pursuit of surplus value makes the capitalists can not be all of the income for consumption.We already know the existence of such a surplus, then, for the overproduction part, how can we examine the specific number it does? To this end this paper establish the relationship between the measure of savings achieved through monetary and the measure of overproduction, this paper introduces the community to expand on this delay in production time savings, and through the community does not reduce the output of the profits of the rate set out to determine the point of recession. This article defines the product market, the monetary flow and commodity flow, through their relationship with the price of the product price. And through the relationship between the magnitude of value contained in the product of labor will be a social product as a measure of the total number of units of simple labor products that put the community through the simple product of all products is equivalent to the number added together to arrive with a product that the total social product, and then to use monetary flow and commodity flow determine the society as a whole product unit price purposes. Combined with unit costs for society as a whole product to reach the overall profit margin on the analysis of the purpose of society as a whole. By comparing the profitability of the whole society and the society does not withdraw from the size of the margin of production to determine the state of economic recession and recovery. And through a variety of factors affect the profitability analysis and the economy has entered a recession, as well as toward recovery.Finally, the paper quoted a U.S. economic data and economic phenomena for the interpretation of the theory.
Keywords/Search Tags:business cycle analysis, margin of society to expand production, savings of the delayed expanding production, unit margin of the whole society products
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