Economic Crisis,Nonlinear Economic Growth Theory and Its Laws

Abstract

Abstract: First,the economic crisis and the crisis of economics are discussed.Next,some mistakes of the west economic growth theory are pointed out.Thirdly,new nonlinear economic growth theory and its three laws are proposed:economic takeoff-growth-stagnancy law,social conservation and economic decay law,and economic growth mode transition and new developed period law.And a corresponding graph is represented.The social open-reform is a necessary and sufficient condition for further economic development.

Key words: economics, nonlinear theory, economic growth

ZHANG Yi-Fang. Economic Crisis,Nonlinear Economic Growth Theory and Its Laws[J]. journal6, 2012, 33(3): 94-99.

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