Rekindling looking back has been three lives

Chapter 65

Under normal circumstances, when sorting graduation thesis defense, it is carried out according to the alphabet of the name.

According to this rule, Wu Chuzhi should be the last one outside the lecture hall at this time.

But the big bosses from outside are busy with time, and because they are often said to be the last ones, the school simply ranked him first after discussion.

Regarding this kind of matter, Zeng Huixian didn't even bother to argue about it. She cross-examined Wu Chuzhi several times, which gave her a lot of confidence.

To put it bluntly, this apprentice who was picked up in vain actually has the level of a doctor.

It's better to be the first one to get it done sooner.

After Wu Chuzhi finished her defense, she would also withdraw and let the young teacher come.

After all, the defense of undergraduate students is a spiritual devastation for old professors.

Knowing that it is a pile of shit, I still have to listen to them bragging about how delicious this shit is.

Zeng Huixian had had enough of this kind of torture ten years earlier.

So, in fact, other graduates outside the venue don't have to worry at all. After Wu Chuzhi's defense is completed, some outside bosses will leave with excuses, and the school bosses also understand that those who should release water will naturally release water.

Without a bit of Buddha nature, one cannot be a university teacher.

With 10 minutes left before leaving the field, Wu Chuzhi quickly made a statement in his mind, so as to calm down the nervousness that he almost opened the Shura field just now.

Then, he closed his eyes and rested his mind, waiting for the broadcast.

……

"Hello teachers! I'm Wu Chuzhi, a 2001 economics student in the School of Economics. The title of my thesis is "On the Root of Economic Growth from the 'Broken Window Theory': Investment or Consumption——A Combing and Discrimination of a History of Economic Thought."

My thesis advisor is Professor Zeng Huixian. Next, I will introduce my thesis from the reasons for choosing the topic, the significance of the topic, and the innovation points. "

Wu Chuzhi on the stage, with his handsome face, tall and straight figure, and the typhoon that he spoke without nervousness, combined with the concise and generous PPT narration, made the people present feel good.

However, what he said aroused mixed opinions from the professors on the sidelines.

"This kind of beginning sounds much more pleasing to the ear than thanking this and thanking you for your time at the beginning.

Ma, I have to tell those bastards when I get back, that they will all change to this style in the future. "

"Succinctness is quite concise, but this kid is quite arrogant! Lao Li, did you hear that he doesn't talk about the shortcomings of the article at all, does it mean that he thinks this thesis has no flaws at all?"

"I think this young man is very energetic and practical. Compared with last year's PPT showing off a bunch of messy animations and music backgrounds, this PPT looks very pleasing to the eye."

"Xiao Zhan, take a good look at the thesis, this kid actually speaks without bringing the thesis, does he think he has nothing to revise?

Lao Zeng's faction is too crazy, and he will hate him to death later. "

In fact, guiding the graduation thesis is only one of the tasks in the teacher's job content. Due to the busy work, most of the reviewers actually only saw the students' thesis on the day of the defense.

As for the time to read the thesis, what is actually useful is the time for each respondent to make a statement.

Wu Chuzhi's thesis, because of its special background, has received attention, but most people have never read it before the opening.

Therefore, when Wu Chuzhi was speaking, many people opened his thesis for the first time.

Even the brothers who were sitting in the front had their heads blown when they saw the paper.

Pi moved closer to Zeng Huixian's ear, "Teacher, have you read the thesis of the younger brother?"

He really couldn't believe that such an arrogant thesis came from his teacher.

Unexpectedly, Zeng Huixian shook her head, smiled and said quietly, "I haven't seen it."

The brothers and sisters were all dumbfounded, Zeng Huixian explained in a low voice, "I know the general content of the thesis, it was the debate between him and Xiaomi at that time, and then extended it.

I know the tone, but how to write it is his business. "

Zeng Huixian admired Wu Chuzhi's "arrogance" very much.

In her opinion, it was a waste of time for Wu Chuzhi to defend his undergraduates, as his level is now enough for his doctoral defense.

If it wasn't for fear of shocking the world, and of course it was to buy Ye Xiaomi more time, she would even suggest that the school give Wu Chuzhi a master's degree or above, or directly give it to a Ph.D.

"Teacher, what do you value about this kid? Do we have the same arrogance?"

Although the second child, Pi Moumou, is nearly forty years old, he has always been single, like a child who can't grow up, and has always been very skinny in front of the teacher.

Li Ka and the others laughed loudly, the second child is mighty!

Zeng Huixian couldn't help but stare at the people behind her, and said helplessly, "Do I like his appearance?
With just a few of you crooked melons and jujubes, and adding Xiaomi, there is no way to bring the appearance of the entire division to the average line!

I have no choice but to find another Wu Chuzhi, lest others say we are ugly people in the future. "

Pi Moumou is very skinny, not for nothing.

Because Zeng Huixian, as a teacher, was very naughty when she was young...

"First of all, the reason for choosing the topic is personal interest. After comparing two different 'broken window theories' in economics and psychology, I became very interested in it.

On the other hand, modern mainstream economics does not distinguish between investment expenditure and consumption expenditure, let alone different types of consumption, but regards all expenditures as the driving force of economic development, and even regards consumption and even luxury consumption as driving economic growth. The main driving force, I have a different opinion on this.

I researched this for two reasons.

During the actual research process, some interesting things were discovered. For example, most of the classical economists before the marginal revolution held a critical attitude towards luxury consumption behavior; after the marginal revolution, mainstream economists paid more and more attention to demand. , and highly affirmed the social role of luxury consumption.

The deeper the thinking, the more problems there will be, and the more obvious they will be. I think there is value for further research. "

Looking at the people who were immersed in reading their thesis, Wu Chuzhi, who knew that everyone hadn't read the thesis at all, smiled helplessly, and continued talking,

"Researching on this topic and revisiting 'classical economics' is mainly to provide some other voices for the future adjustment of the national economic structure.

Modern mainstream economics only pays attention to the current personal welfare or utility, and only pays attention to the existing problem of insufficient effective demand, so that it does not see the wasteful and destructive nature of luxury consumption and destructive expenditure.

At the same time, unlike Keynesian economics, investment spending in classical economics relies on unconsumed surplus products and their inputs in production, rather than tax transfers from the populace or national debt transfers from the future.

Therefore, the "investment-driven growth theory" of classical economics helps us understand a series of social and economic phenomena that cannot be explained by modern mainstream economics, and can also provide a theoretical basis for "supply-side reform". "

Everyone in the audience frowned when they heard the words, this Wu Chuzhi, the more he talked, the more outrageous he became!
You can simply deny Keynesianism directly, why bother to cover it up like this and use classical economics to come out.

But what surprised them was that Wu Chuzhi really did just that, saying loudly on stage,

"In fact, at the heart of modern mainstream economics is price and consumption theory:
The marginal utility school believes that consumption embodies the individual's free choice and the pursuit of personal well-being, and the level of consumption has also become a symbol of social prosperity, so it is committed to finding the best allocation of the given factors of production and maximizing the satisfaction of consumers. Study the relationship between stated ends and the choice of means.

Keynesian economics believes that consumption expenditure constitutes the main body of social aggregate demand, is the basis for determining social employment, and is also the engine of economic growth, so as to study how to stimulate individual consumption to prevent economic depression, and make up for it with public expenditure when necessary.

It is precisely under the influence of these theories that various policies and institutional arrangements to stimulate consumption have been born, so that the pursuit of consumption has gradually dominated the modern commercial society, and even the leisure class that pursues conspicuous consumption has emerged.

… Engaging in stimulus policies will also bring about other negative results, such as excess production capacity and fiscal deficit.Therefore, some people complained to Keynes, saying that the medicine you prescribed to the government was not good, and that the stimulus policy would not be effective in the future.

How did Keynes answer?He said that there is a prerequisite for aggregate demand to determine aggregate supply, that is, in the short term, this is the case when aggregate demand is insufficient.Long-term economic growth cannot rely on stimulation, and you cannot treat hormones as food.

Others asked him again, what should we do in the long run?In the long run, Keynes said, we are all going to die.So he doesn't want to think about long-term things.

He seems a little irresponsible, doesn't he?

However, his theory has always been welcomed by governments around the world, because each government generally only works for three to five years, and there is no need to think too long-term. During his term of office, he will first stimulate the economy. Good economic data is his own performance. , The inflation and fiscal deficit brought about can make the new government wipe its ass. "

Wu Chuzhi did not stand in place to make a report following the rules, but paced on the stage holding a microphone.

Such a typhoon made the experts and professors in the audience very uncomfortable, but somehow they felt that it should be so.

It seemed that the person standing on the stage was not a young man who was defending his undergraduate thesis, but a leading figure in the academic world berating Fang Qiu at an economic forum.

It's not that no one wanted to reprimand and refute, but was stopped by the chairman of the defense and others sitting in front with their eyes.

Looking at the man on the stage with a pair of Ruifeng eyes and smiling eyes, the originally nervous mood relaxed.

It seems that he is worrying unfoundedly, why would he be nervous.

But those peach blossom eyes were filled with affection and a smile, full of admiration.

Although she didn't quite understand what Wu Chuzhi was talking about, from the expressions of the professors around her, she knew very well that her 'prospective boyfriend' shocked the audience.

Yan Heng has been peeking at her expression, after all, as Wu Chuzhi's iron son, he is also worried that he will encounter some bad luck.

Obviously, the girl in front of her was not, and the light in her eyes could not deceive anyone.

However, it will be easier for us King Wu in the future.

Although Yan Heng also loves to play, he has a kidney failure.

And Wu Chuzhi was clearly distracted.

This difficulty...

Yan Heng shook his head, not very optimistic.

Confucius wiped his saliva and bumped into Liu Liu next to him, "It's the same for a man! If my graduation defense can be like the boss, I will have no regrets in my life."

Liu Liu rolled her eyes, "Then you must first be like the boss, dormant for three years, thinking about problems even when playing games."

However, Yan Heng, Qin Xu and other high school classmates of Wu Chuzhi were no strangers to it. Wu Chuzhi was a natural speaker. This is a public opinion.

Wu Chuzhi on the stage suddenly felt his nose itchy. After touching it, he continued, "Classical economics emphasizes the fundamental role of investment expenditure in economic development. Investment expenditure in this sense is different from Keynesian economics. study:

Investment spending in classical economics relies on surplus products, while investment spending in Keynesian economics relies on taxes and national debt.

Correspondingly, the consequences of the two types of investment spending are different: classical economics promotes the deepening of the division of labor and the increase of productivity, while Keynesian economics only alleviates the economic depression and finally triggers the crisis of stagflation.

At the same time, there are several levels of thinking logic in the understanding of surplus products in classical economics...

Based on this logic of thinking, we can better understand a series of social and economic phenomena that cannot be explained by modern mainstream economics. "

Wu Chuzhi lightly tapped the PPT remote control, and several big titles appeared on the big screen.

([-]) Why we should emphasize savings and limit luxury consumption

([-]) What are the differences in capital accumulation methods when the economy takes off?

([-]) Why does rapid economic development go hand in hand with widening income gap
([-]) Why are the speeds of economic development different under similar income gaps?
([-]) Why do regions with rapid economic development have a large number of surpluses?

The experts and scholars have basically finished reading his papers hastily, and are staring at the screen in a daze.

The chairman of the defense suddenly stood up and interrupted Wu Chuzhi's speech.

"Student Wu Chuzhi, I must apologize to you for not reading your paper in advance. Maybe we need some time to study your paper carefully. Here, I propose to suspend the meeting for a short period of time."

The speaker was Lin Yifu, a professor of Yanda University, a well-known modern economist in Huaguo, and the No. 1 of the Huaguoization of Kevansism.

After seeing clearly who the defending chairperson was standing up, Xiao Yuejia covered her small mouth and almost screamed.

Because Lin Yifu is also his father's close friend, his theoretical level is high, and he is highly respected by his father. Naturally, the two families are very familiar with each other.

Whether Wu Chuzhi nodded or not at this time was actually not important, and it would not affect the defense committee's decision.

After a brief discussion, the school and the defense committee made a decision to suspend the meeting for 30 minutes under the supervision of the Academic Affairs Office.

Wu Chuzhi on the stage suddenly went numb all over.

Ye Xiaomi and Xiao Yuejia waved to him at the same time, signaling him to sit down and rest.

Just when Wu Chuzhi was in a dilemma and wished he could faint on the spot, a savior appeared.

Zeng Huixian beckoned to him, Wu Chuzhi blinked at Xiao Yuejia, and hurried over.

The teacher is mighty!

Long live the teacher!

As for Ye Xiaomi, she also followed after seeing this.

Zeng Huixian didn't speak first, but asked Wu Chuzhi to greet a few senior brothers first and introduce them to each other.

Senior brother Li Ka and fourth senior brother Wu Chuzhi have met each other before, while second senior brother Pi Moumou and third senior brother Shi Guangyong met for the first time.

Without exchanging too many pleasantries, Li Ka said directly, "Youngest, hold it back for a while, you speak too boldly, and there may be a lot of trouble after you finish your statement."

He had only read Wu Chuzhi's thesis, but he didn't expect that there were so many private affairs in his statement.

Although the atmosphere in academia is relatively loose compared with public opinion, Wu Chuzhi is clearly attacking mainstream economics.

They have already directly criticized the short-sightedness of Keynesianism.

Pi Moumou also nodded, "Brother is right."

Shi Guangyong knew what Li Ka was worried about. The boss and the second child stayed in Yanjing all year round, and were deeply influenced by the academic circle there. He smiled and said to help Wu Chuzhi,
"Brother, that's not necessarily true. In the academic circle at Huating, because the stimulus plans for old industrial areas such as Longjiang, Changbai, and Fengtian have not received the desired effect, the applicability of Keynesianism has also begun to appear during this period. Definitely think about it.”

Chu Jian also had a different opinion, "That's what I said, but after all, the current economic decision-making circle is in Yanjing, and Yanjing's voice is louder.

Wu... Junior brother, when you continue to speak later, find a way to turn back, otherwise we won't be able to interrupt. "

After all, Chu Jian is a good person, and Wu Chuzhi's defense is not about Wu Chuzhi alone, but about the entire division.

Zeng Huixian smiled, "It's okay, youngest, you can continue to speak boldly, if something goes wrong, the teacher will take care of it for you."

Facing the doubts of Li Ka and others, she nodded Lin Yifu, the chairman of the defense, "That's a real scholar. Maybe he doesn't agree with the youngest's point of view, but he will agree with the youngest's level."

Pi Moumou nodded, "Master is right."

As a colleague of the Yanjing Institute of Economics, he has dealt with Lin Yifu a lot, and he understands and admires this master's style and conduct.

Ye Xiaomi didn't interrupt, took a few bottles of water and handed them to the senior brothers, then unscrewed a bottle and gave it to Wu Chuzhi.

The two looked at each other, smiled and said nothing.

Zeng Huixian smiled slightly as she looked at the two people in front of her who were in love with each other.

But this scene fell in the eyes of several senior brothers, but it was a bit hot-eyed.

Both Pi Moumou and Shi Guangyong knew what Chu Jian was thinking, and they blinked, but they didn't know what to say.

Chu Jian's breath was heavy, he gritted his teeth, and buried his head in looking at the paper in his hand, out of sight, out of mind!

Seeing this, Ye Xiaomi stuck out her tongue and walked back to the back row.

Senior brother Chu Jian is a good person, so don't provoke him.

Wu Chuzhi, on the other hand, sat obediently beside Zeng Huixian, closing his eyes and meditating like his teacher.

He was sure that Xiao Yuejia had also seen the scene just now.

At this time, the past is courting death.

After thinking about it, he took out his phone and sent a text message, "Ye Xiaomi, my senior sister, don't think about it."

What he didn't know was that Xiao Yuejia's doubts about his relationship with Ye Xiaomi had already been dispelled by Yan Heng.

……

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(End of this chapter)