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Reflections on Development of Circulation Theory and Circulation Subject |
ZHU Heliang1,LI Xiaohui2 |
1. Capital University of Economics and Business 2.
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Abstract This paper reviews the historical development of circulation theory in contemporary western economics, and reveals the influence of various economic schools on circulation theory research in China. Then it analyzes the challenge China faces in the context of globalization as well as the characteristics of modern circulation and its important role in economy to illustrate the importance of constructing circulation theoretical system in China. Finally, regarding the definition of the core concept, the identification of research objects, and innovation of research methods, this paper gives suggestions for constructing the circulation theory studies and the circulation subject in China.
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Received: 23 September 2016
Published: 15 December 2016
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Corresponding Authors:
ZHU Heliang
E-mail: zhubrand@163.com
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