Anwar Shaikh, professor of economics, wins Yicai-JP Morgan Financial Books of the Year award
The Yicai-JP Morgan Financial Books of the Year has become China’s most recognized list of financial publications, honoring works of extraordinary practical importance that are must-read for policymakers, regulators and financial professionals. . Recently, Anwar Shaikh, professor of economics, received the 2021 Financial Book of the Year award for the Chinese edition of his book. Capitalism: Competition, Conflict, Crises. Shaikh, along with the other winning authors, were honored at an awards ceremony on December 2, 2021.
In Capitalism, Shaikh demonstrates that most of the central propositions of economic analysis can be derived without any reference to standard devices such as hyperrationality, optimization or perfect competition. This perspective allows him to take a fresh look at practically all the elements of economic analysis: the laws of supply and demand, the determination of wage and profit rates, technological development, relative prices, interest rates, bond and stock prices, exchange rates, conditions and the trade balance, growth, unemployment, inflation and long booms culminating in recurrent general crises. Shaikh’s innovative theory is applied to modern empirical models and contrasted with neoclassical, Keynesian and post-Keynesian approaches to the same problems. His object of analysis is the economics of capitalism, and he explores the subject in this expansive light.
The Yicai-JP Morgan Financial Books of the Year was established in 2009 to recognize outstanding works written in Chinese and English that provide crucial insight into the development of the global economy. Winning titles are selected through a rigorous process of recommendations, public votes, and committee reviews measured against the criteria of global perspective, insight and foresight. Yicai Media Group is China’s largest financial media conglomerate, with the widest variety of media divisions including TV, newspapers, magazines, websites, mobile apps, and a group of professional service institutes. JP Morgan is a global leader in financial services, providing solutions to the world’s largest businesses, governments and institutions in more than 100 countries.