He is the author of "The Mystery of Money-Contemporary Credit Monetary Theory" and "Printing Money for Consumption".
Cai Dingchuang's Blog Address: Sina Blog
Grassroots blog
Chuangyuan think tank
Second, student evaluation
Teacher Cai Dingchuang not only has rich practical experience in various industries, especially in the field of financial investment, but also devotes himself to the theoretical research of China's economy and reform and development, and has his own unique and innovative theoretical system and coping strategies in macroeconomics, monetary theory and stock market reform. His monetary theory and macroeconomic theory system have surpassed Keynes, and will become the basic theory of China's sustainable economic development in the post-capitalist era in the next 30 years.
In the eyes of students, Mr. Cai is a respectable independent economist with strict academic discipline, rich theory, pursuit of feasibility, and dare to say and do. His research angle is completely from his own macro perspective of the long-term development of the country and the nation, based on the complex economic situation, from method reform to system reform, and established an effective theoretical system of macro-control and monetary policy.
Teacher Cai is modest and strict with his students, and often spends a long time guiding them because of a small conceptual problem in economic theory until the students understand it. Often stay up late to write articles and works, or tutor students. In the eyes of students, Teacher Cai can be regarded as a model student.
Three. Introduction of works
1, Introduction and Catalogue of Currency Puzzle
Editor's recommendation
The first book about China's own monetary theory,
The first book that triggered the ideological revolution of money,
The first book to subvert western monetarism.
Cracked the mystery of the rise and fall of the stock market and the rise and fall of the dollar;
Reveals the mystery of printing money consumption and currency amplification;
Re-solved the mystery of inflation and financial war.
A brief introduction to the mystery of money
This book is different from the traditional western economic theory that emphasizes positivism and experience. In that way, we can only see the trees but not the forest, and pay more attention to macro-overall grasp and logical speculation. This book begins with money, which constitutes the social production base of contemporary financial capital. Based on the logic of history and reality, it reveals the essential attributes, movement process, survival state, operation law of money, the law of social wealth growing according to money, and the process of economic relations caused by monetary events, and unlocks the secret of how the country grows its wealth through monetary policy.
The first chapter mainly reveals why the "gold standard" is inevitable through the investigation of the historical process of currency development, and answers why gold as a currency is not credible enough, what is the essence of money, and what changes have taken place in the function of credit currency.
The second chapter, by analyzing the principle of national credit creating value, reveals the principle of issuing monetary value, and answers how to issue currency to create value, what is the difference between the currency issuing windows, and why China's foreign exchange reserves of $2 trillion will double the loss of $2 trillion.
The third chapter reveals that the currency derived from commercial banks is different from the currency issued by the central bank, and what is the nature of the currency multiplier, thus revealing the root of the financial crisis, answering where the currency went during the financial crisis and why Bernanke needed to fly a helicopter to "scatter money" without inflation.
The fourth chapter, through the analysis of the principle of stock market value, reveals that the production capacity with market demand can also create value through trading, and finds the objective law of "monetary amplification", thus answering a series of questions that can not be explained by traditional economic theory, and connecting monetary theory with economic reality.
The fifth chapter reveals that the demand for money in the process of modern economy is not just a medium of exchange, but three major money demands, thus satisfactorily answering a series of questions such as why economic growth is always related to the growth of money quantity, and why tightening money will lead to crisis.
The sixth chapter reveals that money has not only the external supply of the central bank, but also the internal supply mechanism of money. Internal supply produces an imbalance between investment currency and consumption currency, which leads to difficulties in internal currency circulation. The external supply of money is not only issued by the central bank, but also the wealth effect of the stock market has become the source of money supply. Then it explains many puzzling problems in reality, such as the changes of exchange rate and currency value, and the worldwide problem that the rise and fall of the dollar is negatively related to the Dow Jones index.
The seventh chapter reveals the dependence of growth and development on the balanced distribution ratio of investment currency and consumption currency through the calculation and deduction of social reproduction operation model under different conditions, and decrypts the internal driving force of economic growth.
Chapter 8, through the analysis of filling the gap in consumer demand, finds the objective law of "printing money for consumption" in contemporary economy, thus answering why a deformed development model of American economy developed after Keynesianism depends on the international monetary status of the US dollar to survive, and also answering some puzzling questions, such as why the US has astronomical debts and the US dollar still does not fall, why we have two trillion US dollars of foreign exchange reserves but are poorer, and whether we can print money for consumption.
The ninth chapter reveals the characteristics of contemporary economy driven by real economy and virtual economy, the law of self-excitation of economy, the root of economic crisis and the ways to prevent it, and reveals the direction and commanding heights of contemporary financial war.
The tenth chapter is to realize the dream of enriching the people and strengthening the country, and put forward some suggestions for national development on the basis of contemporary economic characteristics.
For the sake of brevity, this book has followed some concepts and categories in Marx's Das Kapital, which Marx has demonstrated in detail, thus omitting a lot of discussions on the basic principles of concepts.
You live in it every day. Everything discussed in the book is so familiar to an active life. This book just shows you the internal logical connection of the essence of things. Although this is a book that explains the top and most abstract monetary theory problems today, I believe it is easy for you to read. You can put down something you don't understand first. Maybe you can understand the front after reading the back. The author is confident that this book is what you need and what you must read in your life. Only by reading it can we understand our own economic environment and investment value, and we will not be deceived by the market; Only by reading it can you clear the fog and predict the trend of currency, the rise and fall of exchange rate and the rise and fall of stock market. Only by reading it can you understand the reasons for the trend of national policies and predict the upcoming economic process. This book belongs to people who need to unlock the secrets of wealth and hope to have wealth; This book belongs to people who need to deeply understand the essence of money and master the laws of economic operation.
A summary of the research on the mystery of money;
The mystery of money is a systematic theoretical work that reveals the laws of money operation and macroeconomic operation under the conditions of contemporary financial capitalism. This book takes currency as the starting point and macro-economic operation analysis as the main line, analyzes the different value functions of currency in the three major credit processes, and analyzes the contradictory movement process of investment currency and consumption currency in macro-economy, thus revealing a series of unprecedented new laws of macro-economic operation, and providing a new solution for how to solve the basic contradictions of capitalism, save the financial crisis and continue to drive the economic development of contemporary countries in the world after the failure of Keynesianism.
1. Through the investigation of the history and logical process of currency attributes, it reveals that money is a medium of exchange with equivalence guarantee, especially the new discovery of currency value attributes, which lays the foundation for the logical analysis of this book.
2. Through the analysis of the value creation principle of central bank's national credit, it reveals the principle of currency issuance value, and the differences and functions of different issuance methods on currency issuance value. Thus, theoretical problems such as how to use the value of currency issuance to benefit the people and why foreign exchange reserves will double the loss of national welfare are solved.
3. By investigating the monetary credit process of commercial banks, the essence of derivative currency and the essence of currency multiplier are revealed, thus revealing the mechanism of contemporary international financial crisis, the root of contradictions and the focus of rescue. It also explains why Bernanke didn't have inflation when he dropped money by helicopter, which is a theoretical problem that fundamentally conflicts with monetarism.
4. Through the investigation of the credit of enterprise stock market, it is found that the stock market has the ability to create value for the production capacity with market demand in the process of discounting the future income stream. This is a major theoretical breakthrough, which lays the foundation for revealing the law of "monetary amplification" and how to use this law to promote the new theory of sustainable development of contemporary economy. By investigating the relationship between the trading confidence index and its main quantity in the stock market, this paper reveals the secret of how monetary policy is transmitted to the real economy through the stock market, and finds out the reasons why the non-classical transmission of monetary policy in China frequently fails.
5. In the study of money demand, money is divided into investment money and consumption money for the first time. Because of this classification, monetary theory took the lead in the analysis of macroeconomic operation process, and monetary theory was integrated with macroeconomic theory from then on. On the basis of criticizing the traditional western monetary theory, this paper puts forward a new money demand formula, which perfectly explains a series of puzzling problems in reality, such as why economic growth is always related to the amount of money, and why tightening money will inevitably lead to crisis.
6. In the study of money supply, it is proposed for the first time that money has not only exogenous supply mechanism, but also endogenous supply mechanism. Endogenous supply is the root of the imbalance between investment currency and consumption currency. At the same time, through the analysis of the competitive pricing process of commodities, the value determination principle of money in endogenous supply is revealed. In other words, the value of money is not only determined by the exogenous supply described in the traditional theory, but also depends on the endogenous supply mechanism of money. This is the core of monetary value theory, which solves the problem that people can't find the anchor of credit monetary value for a long time. It also completely subverted the theoretical basis of western monetarism.
7. In the study of the external supply of money, it is revealed for the first time that the external supply of money is not only the currency issuance of the central bank in the traditional theory, but also the "currency amplification" function of the stock market produces the supply of base money. Only by applying this theory can we solve a series of regulatory problems in China's current monetary policy.
8. Based on the re-modeling of Marx's reproduction theory, this paper investigates the operation process of reproduction under the condition of setting different distribution ratios, reveals the dependence of economic growth on the distribution ratio balance of investment currency and consumption currency, and proves that under the condition of surplus economy, the production capacity with market demand can realize wealth through the stock market, and consumer demand will inevitably become the basic form of contemporary capitalism to save the economic crisis and realize economic growth. On the basis of this theory, a new quantifiable and operable macro-control model is proposed.
Through the investigation and analysis of the second, third and fourth equilibrium process of investment currency and consumption currency, the laws of "printing money for consumption" and "currency amplification" are revealed as never before, which lays the foundation for applying these laws to save the financial crisis of contemporary countries, break the China of "printing money for consumption" in the United States and realize the theory of domestic demand-driven transformation and sustainable development in China.
10. Through the analysis of the essence of virtual economy, this paper reveals the framework principle of "two-wheel drive" and the role of self-excited balance law in contemporary economy. Thus, the endogenous driving secret of world economic development after the failure of Keynesianism is solved, and the principle of how international monopoly finance prices financial derivatives and exports inflation through monopoly finance is also revealed, which provides a theoretical basis for how China can seize the commanding heights of finance.
2. Introduction to the book "Printing Money Consumption"
Editor's recommendation: Printing money consumption: the realistic choice to become a wealth power. Applying the monetary theory and corresponding analysis methods established in "The Mystery of Money-Contemporary Credit Monetary Theory", starting from the simplest reality that contemporary China can perceive in daily contact, this paper deduces and reveals the "printing money consumption" in contemporary international economy through the analysis of the operation of contemporary international monopoly financial capital, the complex economic problems between China and the United States, and a large number of headaches and intractable dilemmas in China today. Moreover, this book further discusses that it is not enough to double the national income in China. Only the traditional methods of primary distribution and secondary distribution are enough, and the theoretical model of four distribution must be applied.
Content Description: Printing money consumption: a realistic choice to become a wealth power. By analyzing the current economic hotspots, China's "dilemma" situation, and summarizing the experience and lessons of China's monetary policy and macro-control in the international financial crisis, this paper deduces the function process of printing money consumption and monetary amplification law in the contemporary economy. It also reveals the secret of the operation of contemporary international monopoly financial capital and the internal mechanism of "China production, American consumption" printing money consumption-the realistic choice of becoming a rich country, which popularizes complex economic problems through realistic illustrations, providing readers with a brand-new economic observation perspective and new ideas for studying economic problems.