The Study On "Finance Review" Which Was Pubulished From1939to1948in The Republic Of China

“Finance Reviews” is the most important academic journal which articles mainlyrelate to the public finance and monetary economics. It creates a platform onintroducing the advanced economic theory and analyzing the current economic affairsfrom different angles. It pays attention to the issue of China finance and economy,integrating of the international experience, lessons and advanced economic theory, todiscuss the existence of China’s economic development in many practical problems.Using “Finance Reviews” as the research object, we hope to get some knowledge offinancial and economic thought under the condition of the republic wartime bycombing and summering the articles in this journal. This paper from the journalfounded as well as the content involved, by comprehensive, systematic analysis toshow the context and characteristics of economic thought in the Late Republic ofChina. Materials and methods will be a combination of economics, to examine thecontribution of academic journals, history, and real value.Firstly, the article analyzed the general profile of the "Finance Review ". It wasfounded in January1939, closed in1948, and published by the form of monthly, for atotal publication of Volume19,111. It to be "focus on reality, serving the public" as aguide, combining with the finance or economics of academic and the current affairs,to highlight its current affairs and academic journals compatible features."FinanceReview" has its series of powerful author group, which involved a wide range ofgroups, most with a background of abroad studying, many of whom are leadingscholars in various economic fields."Finance Review," the article related to manyfields of economics, which reflects the contents including: Public finance thought,Wartime finance and autonomous finance, Monetary economic theory, Internationaleconomic issues, China’s Tax policy problems and so on.After the "Finance Review" described the overall framework, this article II,III,IV, V, VI, VII will analyze the content above the "Finance Review" respectively, to parse out the reflection of economic thought.Chapter2analyses the Public finance thinking based on the wartime economieswhich include the Wartime finance, the autonomous finance, the public debt policyand the Tax policy in the war time. And, we not only discuss the monopoly systemrelied heavily by the National government, but also probe into the cyclical balancedbudget thinking as the Theoretical Basis of wartime finance.Chapter3introduces the economics thinking about the Public finance mainlyreflected in the articles of “Finance Reviews”. Such as the New Bonds philosophy, thetax reform ideas and constitutional politics are involved in the theoretical analysis. In this chapter，we also pay attention to the important issue on public field, such asfinancial management and financial supervision which are groundbreaking. In theperiod of the Republic of china, the reforms of these systems are almost promoted bythe scholars’ ideas and action.Chapter4focuses on “Finance Reviews” articles in tax theory and practice.Content of these articles can be divided into areas of principles of taxation，tax system of china and the tax system reform. We priority analyses tax reform ideas in thischapter. In order to drawing a clear venation of form and development of tax system,we choose mainly in this journal about the estate tax included In direct tax system andthe tariff involved in indirect tax system as the analysis object. Analysis of chapter4,the author points to some revelations:"Finance Review" of Tax theory described inthe article, there is an obvious feature, which is the scholars hope to provide somebasis for the Government in formulating policies to solving the tax system andeconomic problems by the introduction of tax theory and evaluation.Chapter5analyses “Finance Reviews” articles in Finance Theory. These articles’content includes quantity theory of money, the theory of purchasing-power parity, theInflation and so on. We evaluate from these aspects of the "Finance Review" articleon the Western finance theory respectively, and to depict the Western finance theorypropagating in China at that time. We draw some conclusion through the analysis of these articles: firstly, all economic theory, the ultimate aim is to serve a reality, theorydivorced from the ability to solve practical problems, it lost its vitality. Secondly,journals on the introduction of Western economic theory is not fully acceptable, theauthors give more consideration to the Localization of Western economic theory tomake it more suitable for China.Chapter6pays attention to “Finance Reviews” articles about international tradetheory and thinking. Based on the recognition, the paper has started with the conceptsof international trade and combed the relative researches on the trade theory in the“Finance Reviews”. The researches mainly include foreign exchange policy andexchange rate, trade policy and system, balance of payments problem. Through theanalysis, we find that, from the point of view of theoretical perspectives, the foreigntrade view is more vast in the late national of china. To realistic value perspective,"Finance Review" articles about the trade thought, as we now study the history oftrade thought to provide a great deal of historical support.Chapter7is on the other economic problems involved in the “Finance Reviews”articles. The discussion about the industrialized thought and road or pattern choice ofeconomic development although is fierce but of great valuable. The paper expoundsthe controlled economy, the planned economy, and the reflection of economic trendson the planned economy. We especially introduced the Hayek’s liberalism. We realizethat the articles in the "Economic Review" have directly reflected characteristics oftwo economics system, as well as their relationship.The conclusion in the article, the author do the overall investigation on "FinanceReview", and to analyze the positive factors of the "Finance Review", that is, itsacademic contributions, history and the reality of enlightenment, and also examine thelimitations of " Finance Review", so as to achieve the objective evaluation purposes.