Abstract
Focused on the macro level of economics law and ethic culture, this paper aims at finding out the fundamental obstacles for sound development of world economy and providing scientific theory for the establishment of a healthy global financial, economic, legal and social system as well as ethic cultural basis. Through macrolevel analysis on modern economic theories, this series 2 exposits the essence of the modern economic theories and industrial civilization of the world from historical perspective.
Highlights
Through macrolevel analysis on modern economic theories, this series 2 exposits the essence of the modern economic theories and industrial civilization of the world from historical perspective
Looking at the various schools of western economists, the theories, whatever live in the orthodox position in post-war west economic circles of the post-Keynes mainstream economists, or the Neo-classical liberalism Economists who take Hayek as the representative compete with the Keynesian, there are too much difference in their theories, the purpose is same: seeking the causes of various social ills under the capitalist system, finding the way of curing the ills, making an ideal, happy, stable, sustainable capitalism
All kinds of theories have some effects for helping governments or enterprises to regulate economic activities, their effects are just in short-term and unsustainable, it has been full proved by the global financial crisis, soever advocating “market regulation”, or stressing “government's intervention”, or combining the both
Summary
The completion of world economic integration can not help but make economic crisis go into integration, either. Gordon Brown, the UK prime minister, went even further, describing the new body as offering "more chance of delivering results than anything since the Second World War." All these symbolize that the move is very important since it brings the system of economic co-operation up to date with changes to the global economy that have been apparent for more than a decade - notably the rapid shift of economic, the crisis accelerates the global economic integration even further. From this history we see clearly, world economic integration has led to the integration of the crisis, in turn, the crisis integration strengthen further the speed and degree of economic integration. The world economy just like what a Chinese proverb says, all nations are that "the grasshoppers tied to one rope", no one is out of the rope
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