从生产过剩到金融过剩的危机史  

A History of Crisis from Overproduction to Financial Excess

作　　者：赵玉睿 

机构地区：[1]华夏银行总行个人业务部市场营销室

出　　处：《中国货币市场》2018年第8期75-80,共6页China Money

摘　　要：历次经济危机表明，导致危机的根源从来都是有支付能力的需求不足导致生产与消费失衡。只不过上世纪30年代大萧条是通过毁掉部分资本避免利润率的下降，来保存其余资本，本世纪以来的生产过剩，则通过扩大私人赤字，以负债消费提振需求，但酿成全球性金融危机。The previous economic crises have shown that the primary cause of a crisis has always been the imbalance between production and consumption, which is resulted from the lack of effective demand. However, during the Great Depression in 1930s, by destroying part of the capital to avoid the decline in profits, the remaining capital was saved. Yet to address the overproduction issue in this century, the demand was boosted by debt-fueled consumption via the expansion of private deficits, which, unfortunately, resulted in the global financial crisis. After warning the potential risks with the current financial over-development and the debt-fueled consumption in China, the article proposes suggestions on how to prevent potential systemic financial risks.

关 键 词：全球性金融危机 经济危机 生产过剩 消费失衡 需求不足 支付能力 30年代 负债消费 

分 类 号：F831[经济管理—金融学]