Yinsheng, A Credit Monetary Economic Theory

How was China able to build its economic growth with the World's largest population during the last decades? What has been the role of credit money in this formula? How does the Chinese system act on a funda mental micro and a macro level? And how do different economic theories deliver optimum results under different circumstances? All these questions come together in this book, where Mr. Bao Yinsheng, Ph. D in Economics, shares results of his research and gives a lot of new thought for the reader on how economical results are very deeply related to social sciences and phenomena. This book is one of the earliest theoretical economics monographs on the operational principle and operational rules of the credit money economy. Considered credit money as the special currency circulation intermediary, the author conducted theoretical research on the operating principles and operating conditions of the modern market economy with the motivation of serving the growing material and cultural life needs of the people of the country as major macroeconomic development goal. Theories and their applications in China's market economy were analyzed. The author believed that the economic condition of current credit money has changed and is different from that of traditional commodity currencies; therefore, there are many areas of economic theory that need to be improved under the conditions of credit money economy. Only by following the guidance of the theory of credit money economy can the global economic operation achieve sustainable and sound development. Innovative theoretical studies are conducted with regards to fundamentals and external conditions for a free competing market, market price mechanism, credit money and economic monetization, economic development and macro-control, theories of means of production ownership ,as well as many other aspects. This book serves as a modest spur for valuable thoughts and discussion with regards to economic theory with Chinese characteristics.