[揽瓜阁精读] 81.4个经济指标

feijinbufeijin

1. 19th civilization rested on four institutions : 1. balance-of-power system 2. international gold standard 3. self-regulating system 4. liberal state. One way: two political, two economic, another way, two international , two national.
2. International gold standard is crucial among them. It was the proximate cause of catastrophe.
3. The fount and matrix of the system was the self- regulating market. The institutions lay in the law governing market economy.
Author's conclusion: such an institution can't last long time without annihilating the human and society. In the end, the result will come to same.