Economic Analysis of Credit Issues

Author: Sun Zhiying
Publisher:
Publishing Date: 2002-08-01
Features: Guided by Marxist theory, this paper draws on reasonable factors from Western economic theory and practice, employing methods such as the unification of history and logic, as well as the combination of normative and empirical analysis. From an economic perspective, it conducts a systematic and in-depth study of the essential meaning, structural characteristics, and value significance of credit, thereby establishing a guiding ideology for researching credit and related issues in the context of a market economy. The paper argues that credit, as an ethical norm, reflects in economic behavior and holds specific significance. As commodity economy develops, it becomes an economic category that reflects commodity-money relations. It not only brings certain value but also becomes a resource in itself, which is an inevitable requirement for market economic development. During the transition period, due to the profit-maximizing tendency of market participants' behavior and a lack of understanding of the economic significance of credit, widespread anti-credit behavior has emerged in the economic field, causing significant harm to China's economic development. The causes include both historical factors and issues related to cognition, institutions, and management. Therefore, solving credit problems relies on innovation in concepts, institutions, environment, and management.
Author: Sun Zhiying
Publisher:
Publishing Date: 2002-08-01
Features: Guided by Marxist theory, this paper draws on reasonable factors from Western economic theory and practice, employing methods such as the unification of history and logic, as well as the combination of normative and empirical analysis. From an economic perspective, it conducts a systematic and in-depth study of the essential meaning, structural characteristics, and value significance of credit, thereby establishing a guiding ideology for researching credit and related issues in the context of a market economy. The paper argues that credit, as an ethical norm, reflects in economic behavior and holds specific significance. As commodity economy develops, it becomes an economic category that reflects commodity-money relations. It not only brings certain value but also becomes a resource in itself, which is an inevitable requirement for market economic development. During the transition period, due to the profit-maximizing tendency of market participants' behavior and a lack of understanding of the economic significance of credit, widespread anti-credit behavior has emerged in the economic field, causing significant harm to China's economic development. The causes include both historical factors and issues related to cognition, institutions, and management. Therefore, solving credit problems relies on innovation in concepts, institutions, environment, and management.