Rekindling looking back has been three lives

Chapter 67 Arrogant Master and Disciple

Old professors also know that it is true that references play an important role in academic research. They are the basis for citations in articles and the source of experimental data.

It does require researchers to treat it rigorously and often with awe, of course there is no doubt about it.

But for this, must every paper be marked with dense references?

Of course, the writing specification of the thesis needs to follow certain standards, but some requirements are quite tossing.

However, Wu Chuzhi's plagiarism check rate was less than 2%, which means that he did not cite any papers at all.

Another external member of the defense committee turned on the microphone, "Student Wu Chuzhi, I must remind you that there are still [-] million farmers in China!

Our endogenous needs, on the whole, have not been fully released.

Let me also give you an example. In recent years, there have been a lot of people in our country going to places where life is not bad, buying smart toilet seats, buying iron gallbladder rice cookers, buying toothpaste, and eye drops, but you can say that this can represent all domestic brands. crowd?
There are at least [-] million people in the country of Hua, who have not yet used the toilet. They are still using pits and latrines. They are the main group in the country of Hua.

When we do academic research, we can't just focus on middle- and high-income groups. We also need to look down and see more about the lives of the people at the bottom.

Therefore, I think that the insufficient aggregate demand you mentioned is a false proposition. I cannot agree with your point of view, but there is still a large amount of demand, which we have not seen.

The biggest problem Huaguo is currently facing is insufficient demand, not insufficient supply. "

Wu Chuzhi looked at the name plate on the table, Ma Botao.

The staff of the Academic Affairs Office on one side briefly introduced the professor's resume in his ear, "The dean of the School of Finance of a certain University of Finance and Economics, and an expert in the field of public finance."

Wu Chuzhi understood in seconds, and nodded gratefully.

In the area of ​​public finance...

The field with the most intensive Keynesian loyalists.

This group of people, you can't say that they are wrong, because they usually root their theories in the concerns of the people at the bottom, which sounds very reasonable at first glance, and they are very upright.

Because public opinion is more willing to hear such voices, there is a basic logical error in ignoring this issue.

Facing Ma Botao's questioning, Wu Chuzhi didn't hesitate, picked up the microphone and started talking directly, "Demands are also divided into valid demands and invalid demands."

The first sentence of his rebuttal made Ma Botao very uncomfortable, not just because of the content.

As a student, when you refute, at least add a sentence of "Thank you teacher for your criticism and correction" to be polite!

Wu Chuzhi didn't have time to take care of his mood, so he continued, "How many years have farmers in our country had enough to eat? This year the Ministry of Households only started to reduce and exempt agricultural taxes.

Can you say that the smart toilet seat is an effective demand for ordinary farmers?What is the difference between this view and the brain-dead view that requires farmers to eat more vegetables and less meat to reduce the incidence of high blood pressure and diabetes?
Oh, I'm sorry, I forgot, this point of view was also raised by you, sorry! "

The back row of the lecture hall started to roar with laughter, and many people in the front row were embarrassed to laugh because of Ma Botao's face, but it was also very hard to hold back.

Ma Botao's face turned pale, and he was about to refute, but was interrupted by Wu Chuzhi's quick speech.

Seeing this, Xiao Yuejia smiled knowingly, this is also a skill of attacking and defending, which can suffocate people to death.

"This is the biggest drawback of Keynesianism. It regards all needs as the needs of all human beings at the same time! It opposes savings and advocates consumption expenditures, and thus develops the demand-pull theory of economic growth.

In order to alleviate the lack of demand, modern countries also actively establish a credit system to provide convenience for people's consumption, because with the credit system, people can consume ahead of time even when they lack cash.

The problem is that while the credit system has smoothed out the income stream, its reality has deteriorated considerably, becoming a 'lubricant' that drives people to overconsume, making it possible to fully consume what they have created in a lifetime.

At the same time, due to the existence of the "ratchet effect", even if people spend all their income when the economic environment is good, they still cannot reduce consumption when the economy is in recession, but will consume with debt, and the credit system provides this convenient.

Because of this, the credit system tends to encourage people to over-consume, thus exacerbating the turmoil of economic development, as is currently demonstrated in Western societies; Lowering the material basis of social development will inevitably lead to stagnation and shrinkage of social development.

So, Professor Ma, do you want farmers to borrow money to buy smart toilet seats, iron gallbladder rice cookers, imported toothpaste, and eye drops?Then through such a loan, let their children and grandchildren be permanently fixed in a piece of farmland?

When you sit here and talk about Taoism, do you really have the bottom people in your heart? "

Ignoring Ma Botao who was trembling and ready to touch the quick-acting heart-relief pill, Wu Chuzhi snorted coldly and continued talking.

Standing on the commanding heights of morality, who would not be the same?
If academics want to truly consider the people at the bottom, they must respect reality.

The reality is that the [-] million peasants are only able to eat their fill just now, so stop talking about those useless calves and use the banner of peasants to cover up the problem.

"I think the real problem with the toilet seat is that it reflects the distribution of income!"

Wu Chuzhi shouted loudly on the stage, "Although our country has developed rapidly in the past 20 years, infrastructure construction has also been greatly improved, residents' income levels have increased significantly, the number of poor people has decreased greatly, and people's satisfaction has continued to increase.

However, the abnormal growth brought about by the stimulus policy has also brought about the continuous widening of the income gap among residents, and the speed of this widening is getting faster and faster.

To measure the growth rate of annual income by the growth rate of chicken farts, we are of course improving very fast as a whole; but at the same time, we can also use the growth rate of M2 to measure the growth rate of annual wealth, and you will find that it is faster! "

At this time, the strength of the master's school was manifested. Wu Chuzhi's senior brothers all got up and came to the stage with their laptops.

Following his narration, various charts were quickly presented in front of everyone.

These data are public data, but it is not difficult.

It's just that four full professors are fighting against an undergraduate student. This battle is indeed a bit exaggerated.

But everyone in the audience is helpless, who calls others brothers of the same school, otherwise what are you doing sitting here?
The purpose is for the younger brother to successfully cross the tribulation.

Compared with the quarrel between masters and teachers in the Shuo Bo defense, others have been very restrained.

Of course, Zeng Huixian's seemingly closed disciple is too evil, and several senior brothers don't need to make a move.

Lin Yifu was very envious, glanced at Zeng Huixian with a shy face, and smiled helplessly.

Wu Chuzhi on the stage continued, "In the past 20 years, the growth rate of M2 has more than doubled the growth rate of chicken land farts. Then, the growth of these incomes and wealth is due to the gap between the rich, middle-class and low-income groups. What is the distribution like?

Before 1994, the income growth rate of the low- and middle-income groups should have surpassed that of the high-income groups, but after 1994, especially after 2001, the income growth rate of the high-income groups was far higher than that of the low- and middle-income groups.

The problem lies in M2. M2 is the main path to widen the wealth gap. That is to say, the faster the currency expands, the more beneficial it is for the rich, and the low- and middle-income groups will be diluted accordingly.

As I said in my previous statement, the continuous expansion of income gap will create polarized social needs. To solve these problems, it involves income distribution, value concept, product structure, technical level, education structure and other aspects.

This can only be solved from the supply side.Thanks! "

Enthusiastic applause erupted both inside and outside the arena. Seeing this, Ma Botao could only roll his eyes and fainted.

The person sitting in front, who is not an old man, is well aware of this situation, and hurriedly called someone to carry Professor Ma out, so as not to stay and suffer humiliation.

Such a change made other people who wanted to criticize Wu Chuzhi feel a little terrified.

It seems that this undergraduate student on the stage is not easy to mess with. Not only is his academic level not low, but he also has a sense of mastery.

Don't mess with me, don't mess with me!

Of course, more people feel that it is not worth it.

If, like Ma Botao, he was thrown down by a brick by an undergraduate, where would he put his old face!

Only then did many people understand that today's battle was the most difficult in history, but it was Zeng Huixian's way of building momentum for her closed disciples.

After today, anyone can only say that Zeng Huixian trained another good apprentice, and Shu University also gave birth to a new academic star.

Zeng Huixian also showed a smile at this time, real gold is not afraid of fire, when she first came into contact with Wu Chuzhi, she knew that this young man's level was by no means below that of ordinary professors.

No one in the defense committee asked questions, Lin Yifu smiled and turned on the microphone, "Wu Chuzhi, your research on economics is by no means below the average line.

I believe that anyone, including me, has no objection to the passage of your defense.Congratulations, you successfully passed the defense! "

Wu Chuzhi bowed deeply. He didn't expect the chairman to be so eloquent. Usually, this is the main debater.

There was thunderous applause from the audience, Taohuayan and Ruifeng's eyes were full of admiration and pride.

And the mobile phone in Wu Chuzhi's trouser pocket, which was still on call, also burst into proud applause.

But to Wu Chuzhi's surprise, Lin Yifu stood up, pressed his hands lightly, and signaled to everyone that he still had something to say.

The demeanor of the academics was impressive, and the lecture hall quickly fell silent.

Lin Yifu turned his head and smiled slightly, "So now, I am not talking to you from the position of the chairman of the defense, but an equal academic exchange.

The topics covered in your thesis and statement today are not only related to China's economy, but also very meaningful in the history of the global economy.

The so-called demand management, everyone will think that it is related to Keynesianism. In order to make the demand of our society more vigorous and avoid the dilemma caused by insufficient effective demand of unemployment, the government should play a greater role in promoting investment and demand. wait.

When it comes to supply, how to give full play to the vitality of enterprises and how to create a better environment for them.

Everyone here, like me, has an understanding of supply and demand in their minds. Xiao Wu, how do you view the management on the demand side and the management and reform on the supply side?
Let me first talk about my opinion. It can be regarded as an introduction. Everyone can take this opportunity to speak freely. What do you think, President Wang? "

Sitting on the rostrum, Wang Deming laughed out loud, of course he wished for it.

What Lin Yifu did was to turn this defense into a high-end economic and academic salon.

After arranging for the rest of the respondents to defend in other lecture halls, the school re-arranged the venue.

The other respondents were in a mixed mood at this time. On the one hand, they understood that the difficulty would plummet in the future and return to the normal track of school-level public defense.

On the other hand, they also knew that from now on, Wu Chuzhi, who was originally sitting on the same bench as them waiting for his reply, would become someone they looked up to in the future.

Go through the Nine Tribulations, this battle is the starting point of the road to becoming a god.

After the school arranged the venue, Lin Yifu, Zeng Huixian, Ding Chun, Zhang Jun, Zhang Weiying and other bigwigs sat on the sofa on the stage under the recommendation of everyone.

Wu Chuzhi was also on the list.

But he is standing.

It's not that he's not qualified, everyone here recognizes his academic level.

His teacher Zeng Huixian was sitting, so he could only stand.

It is the basic etiquette of Huaguo to respect the teacher and respect the way.

However, this does not affect the audience's perception of his status at the moment.

Standing is like sitting.

Chu Jian's heart was also in a trance at this moment.

My rival in love and my junior brother, when we first met, he was just a third-year junior with a bad reputation, but in less than a month, he was already able to sit on the stage and discuss with the top leaders in the academic world.

Ye Xiaomi, who was sitting in the back row, had a bright smile on her mouth, but in her mind was Wu Chuzhi's domineering dunk.

The solemn academic discussion scene now has no similarities with the basketball court full of sports and vitality, but he is still the most dazzling star on the court.

After Lin Yifu sat down, he continued to talk, "Demand and supply, I don't think the two cancel each other out, or oppose each other.

In an economy, demand must be actively and effectively managed to effectively maintain the stability of demand. In the same way, you must take actions to strengthen the supply side, so the demand for the economy depends on which measures are the most effective. What policy is more feasible in the household department.

The experience of the corrupt country, just now Xiao Wu mentioned a very famous and widely concerned example. When Mrs. Sa was in power in the 80s, I was in the center-left economic view.

From my point of view, when Mrs. Sarca was in power, many policies were correct. At that time, the tax level of the corrupt country was a bit too high in the 80s and 90s. Some industries and departments in the economy should be privately owned by the state. It can be developed commercially.

I think Mrs. Savage further opened up the labor market and reduced the protection of the labor market.But I think we can see that the Congress of the corrupt country was too powerful at that time, and many of the trade unions in the corrupt country were irresponsible.

We have to solve the problem within the legal framework. In my opinion, if we look at what Thatcher did at the time, we know that it is too narrow to solve the macro problems of the economy.

At that time, investment and innovation were needed as support, infrastructure investment, investment in the cultivation of talents, skills training of talents, etc. Only by implementing these resources in place can the competitiveness of the corrupt economy be enhanced.

To improve overall labor productivity, government departments and public departments must form an alliance with enterprises, which was ignored when Thatcher was in power.

I support demand-side management and supply-side reform, but we should evaluate it in a more scientific way, and we should be more proactive.Thanks! "

Zhang Jun from Huaqing University picked up the microphone and began to express his views, "Good morning everyone! I am against Keynesian economics and supply-side economics.

These two sets of theories are mainly aimed at employment, solving the problem of unemployment and economic growth.One is demand, the other is supply, and both sides must be maintained.

These two sides do not mean that the economy can create enough jobs and the economy can operate in a dynamic manner.

Let me briefly talk about how I think about these two theories and their impact.

......"

Zeng Huixian: "Actually, I don't want to label it so simply, it is labeled as supply-side economics or Keynesian economics. I myself advocate that we should adopt a fundamental philosophy to understand how to lead and dominate an economy. track and direction of development.

I also agree with what Professor Zhang Jun said just now.

Even though I said this, I still agree with Xiao Wu's thesis. We need to redefine our understanding of these two concepts, one to solve short-term problems and the other to solve long-term problems.

In the context of long-term development, one deals with business cycle issues and the other concept deals with structural issues.

For us, there is something to be done from both angles...

……

On the other hand, from the perspective of cyclical problem management, we do have more serious structural problems now, so we need to transform and realize the transformation of the economic growth model.

We are the factory of the world. We used to be driven by exports and investment, but now we need to transform. The economic growth model needs to be transformed into a consumption-driven model. It is very difficult to achieve this transformation.

However, if it relies too much on short-term demand-side measures, the stimulus measures provided by the Ministry of Finance alone will definitely not be enough to completely solve structural problems.

......"

Lin Yifu and others were sweating, and the principal Wang Deming also took out a handkerchief and kept wiping his forehead.

I also lost my mind and went crazy, what kind of academic salon should I run.

Zeng Huixian, the younger sister-in-law, has never been a fuel-efficient lamp, and has always been known for her outspokenness.

Standing behind her, Wu Chuzhi laughed knowingly, and the teacher said all the things he didn't dare to say.

It's not that the family doesn't enter the house.

teacher……

Also quite arrogant.

……

【Recommendation Ticket】Channel~
【Monthly Pass】Channel~
Ask for collection~
Please subscribe~
(End of this chapter)