BORN: November 16th, 1969
GENDER: Female 
CITIZENSHIP: Chinese
CURRENT POSITION
Associate Professor of Economics, Institute of Economics, School of Social Sciences, Tsinghua University, 2012- present
Education background
Ph.D. of Economics, Renmin University of China, Beijing, 1994-1997
M.A. of Economics, Lanzhou University, Lanzhou, 1991-1994
B.A. of Economics, Lanzhou University, Lanzhou, 1987-1991
Experience
Associate Professor of Economics, Institute of Economics, School of Social Sciences, Tsinghua University, 2001- 2012
Lecturer in Economics, Institute of Economics, School of Humanities and Social Sciences, Tsinghua University, 1997-2001
Visiting Scholar, Institute of Economics, School of Social Sciences, Seoul National University, Korea, August 2001- August 2002
Visiting Scholar, Department of Economics, University of Massachusetts Amherst, USA, August 2003- August 2004
Visiting Scholar, Department of Economics, New School for Social Research, the New school University, USA, August 2011- August 2012
RESEARCH INTERESTS
Political Economy, Political Economy of Money and Finance, Marx's Economic Manuscripts
RESEARCH PROJECT
“Hyman Minsky’s Political Economy of Stabilizing Macro-Economy.” Sponsored by National Social Science Fund
TEACHING
Undergraduate Courses
Intermediate of Political Economy; An Introduction to Political Economy of Money and Finance
Graduate Courses
Political Economy of Money and Finance; Special Topics on Political Economy
PUBLICATIONS
Books
Examining the Money -- A Study on Marx’s Monetary Theory, Beijing: Jinghua Press, 2000.
Translations
1“Can ‘It’ Happen Again ?” (Hyman P. Minsky, Routledge, 2016), the first chief translators,
Tsinghua University Press, 2024, Awarded: Ranked 4th in "Treasury & Finance (Caizi Yijia)
2024 Best Financial Books"
2“Capitalism: Competition, Conflict, Crisis, ” (Anwar Shaikh, Oxford University Press, 2016),
the first chief translators, Beijing: Citic Press Corp. 2021, Awarded: “J.P. Morgan 2021
Most Influential Finance Books”
3“An Exposition of Keynesian Theory of Investment,” by Hyman Minsky, translated by Sun Xiaoyu,
Proofread by Zhao Zhun and Wang Sheng, The Chinese Journal of Political Economy,
Vol. 5, 2021, June, pp. 127-148
4 “The U.S.-China Trade Imbalance and the Theory of Free Trade: Debunking the Currency Manipulation Argument,”
by Anwar Shaikh, Isabella Weber, translated by Dai Linshan and Liang Junshang,
Proofread by Zhao Zhun, Social Sciences in China (Internal Circulation), No. 5, 2020, pp. 45-67
5“Does High Public Debt Consistently Stifle Economic Growth?
A Critique of Reinhart and Rogoff,”by Thomas Herndon, Michael Ash and Robert Pollin,
China Review of Political Economy, Vol.6, No.6, Nov. 2015, pp. 143-161.
6“The First Great Depression of the 21st Century,”by Anwar Shaikh, Social Sciences
in China (Internal Circulation), No. 5, 2013, pp. 184-198; Reprinted in Contemporary
Economic Research,, No. 1, 2014, pp. 24-31; and Reprinted in Economic Theory,
the Information Center for Social Sciences of Renmin University of China (ICSS), No. 5, 2014, pp. 12-19.
7“Pitfalls Due to Financial Fragility”, by Hyman P. Minsky, in Reaganomics in
the Stagflation Economy, edited by Sidney Weintraub and Marvin Goodstein,
University of Pennsylvania Press, 1983, pp 105-119, China Review of Political Economy,
Vol.4 No. 1, Jan. 2013, pp210-221.
8“2008 Global Financial Crisis and the Revival of Minsky-- the Introduction of
" Minsky’s Stabilizing an Unstable Economy (2008 edition),”
by Dimitri B. Papadimitriou and L. Randall Wray, China Review of Political Economy, Vol.2, No.2, Apr. 2011, pp. 146-167.
9 Understanding Capitalism: Competition, Command, and Change (3rd edition,
Samuel Bowles, Richard Edwards, and Frank Roosevelt, Oxford University Press, 2005),
one of three major translators, Part 3 Macroeconomics, Part 4 Conclusion, Beijing: China Renmin University Press, 2010, pp.341-551.
10 A History of Marxist Economics (Michael Charles Howard and John Edward King,
Macmillan, 1992), Chapter 9: Capitalism and Underdevelopment, Chapter 16:
The “Second Slump”: Theories of Crisis after 1973, Beijing: Central Compilation & Translation Press, 2002, pp.167-187, pp.313-337.
Articles
1 “Keywords in Minsky's Financial Instability Hypothesis,” Translator’s Preface to “Can ‘It’ Happen Again ?”
Tsinghua University Press, 2024, pp. Ⅶ-ⅩⅥ
2“Why Does the Phillips Curve Fail in the Developed World? An Investigation Based on Post-Keynesian Economics,”
Shanghai Journal of Economics, No.1, 2023, pp. 112-128
3“the Critique of equilibrium theory and the Reconstruction of Economics——Shaikh’s new book
‘Capitalism: Competition, Conflict, crisis’,” The Chinese Journal of Political Economy, No. 6, 2021, Vol. 20, pp. 151-165
4“Economic relationships and the law of Economics ---On
MAO Zedong's economic thoughts in On the Ten Major
Relationships and its Possible Realizing Ways,” Journal of Hebei
University of Economics and Business, No. 6, 2013, Vol. 34, pp. 15-16
5 “Richard Wolff and his ‘Democracy at Work’ movement,”
Chinese Social Sciences Today, Marxist studies Monthly, June 26, 2013, B02
6“Review of Understanding Capitalism: Competition, Command, and Change by
Samuel Bowles, Richard Edward and Frank Roosevelt. (Jie Meng and Zhun Zhao)
International Critical Thought, Vol. 3, No. 2, 2013, pp. 223-228
7“Two Research Focuses on Marx’s Economics Study,”
Guangming Daily, August 5, 2011, P11.
8“Critiquing the Efficient Market Hypothesis,” Contemporary
Asian Economy Research, Vol.1, No.3, October, 2010, pp.15-23.
9“Division Over the Efficient Market Hypothesis --
How Economists Rethink and Defend the Stability
of Financial Markets after the Crisis,” China Review of Political Economy,
Vol.1 No.2 April. 2010, pp.138-153; Reprinted in Economic Theory,
the Information Center for Social Sciences of Renmin University of China (ICSS), No.5. 2010, pp. 25-36.
10“An Introduction to the Course ‘Intermediate Political Economy’
Offered in Tsinghua University,” Teaching and Research,
No.9, July 2009, pp.39-43; Reprinted in Theory and Practice in Socialist Economy,
the Information Center for Social Sciences of Renmin University of China (ICSS), No.11. 2009, pp. 89-93.
11“The Reason Why Marx Insisted on the Value Theory of Living Labor,”
Teaching and Research, No.7, July 2008, pp.71-76.
12“A Study on Unemployment in Capitalist Economy by Contemporary
Post-Marxist Economics in the US,” Contemporary Economic Research,
No.4. 2008, pp.17-21; Partly Reprinted in Marxism Digest, No.6. 2008, pp.31-32.
13“A Survey of post-Marxist Macroeconomics,”
Economic Perspectives, No.12. 2007, pp.17-21;
Reprinted in Economic Theory, the Information Center for
Social Sciences of Renmin University of China (ICSS), No.4. 2008, pp.34-38.
14“An Alternative Interpretation of Marx's Value Theory,” (in English)
The 11th Mini-conference of the International Working Group on
Value Theory (IWGVT), EEA 30th Annual Conference, Washington D.C.,
Feb.20~22, 2004, http://www.iwgvt.org/iwg_sessions.php?year=2004;
“A New Explanation on Marx's Value Theory,” Contemporary Economic
Research, No.6. 2005, pp.9-14, Reprinted in Theory and Practice in Socialist Economy,
the Information Center for Social Sciences of Renmin University of China (ICSS), No.9. 2005, pp.3-8.
15“On How to Instruct Students to Write Papers and Make Research through Internet --
Experiences of Teaching Reforms of ‘Principle of Marxist Political Economy’,”
Tsinghua Journal of, Vol.26 Sup. Nov. 2005, pp.144-147. Third Prize, Excellent
Papers, High-education Research Association, Tsinghua University
16“Courses of Marxist Economics in the University of Massachusetts Amherst
in the US,” Economic Issues in China, No.4, 2005, pp.74-80.
17“The Present Situation of Research and Education in Marxist Economics in the US,”
Economic Study of Shanghai School. No.10, 2005, pp.19-27.
18“The Development of Markets in China” (in Korean) Readings of Contemporary
ChinaⅡ, HanU1 Publisher, 2003, pp.187-215. Two kinds of reform Roads:
China and Russia, Tsinghua University Press, 2004. pp.102-119.
19“Study on the Endogenous Supply of Money in Contemporary Western Economics,”
Toward the Development of Asia in the 21st Century, 2002’s Academic Conference
of ISEF Association, Beijing, December 2002, pp.407-419.
20“Marx’s Theory of the Commodity of Labor Power and Wage Labor,”
Reports on the Research of Political Economy, No.3. Beijing:
Social Science Literature Press, 2002, pp.504-520.
21“Understanding the Labor Theory of Value by Means of Capital,”
The 11th Conference of the National Association for Capital Studies,
Renmin University of China, Beijing, April 2002.
22“On Marx’s Starting Point of the Concept of Capital --
Why does Money Transform into Capital Concurrently?” The 8th
Conference of the National Association of the History of
Marxist Economic Thought, Weihai, China, August 2001.
23“The Reform of State-owned Enterprises in China: from
the Perspective of the Market,” The Reform and the Development
of Contemporary China, Beijing: Tsinghua University Press, 2001, pp.125-136.
24“China's Accession to the WTO: the Implications for the Labor Market,”
Create More Wonders of China Economy, Beijing: China Social Sciences Press, 2000, pp.93-102.
25“An Interpretation of Marx’s Labor Theory of Value,”
Teaching and Research, No.7, July 2000, pp.25-30.
26“On Marx’s Theory of Exchange Value in ‘Economic Manuscripts of 1857-58’
-- On the Historical Inevitability of Market Economy Concurrently,”
Series on Marxist Sources, No.20, Beijing: Commercial Press, 2000, pp.68-84.
27“A Reflection on the Reform of the Student Performance Evaluation
in the Course of the Introduction of Dengxiaoping’s Theory in Tsinghua University,”
(Liu, Meixun; Cheng, Jianguo; Zhao, Zhun), Teaching and Research, No.1, January 2000, pp.64-68.
28“The Naissance and the Development of Marxist Political Economy,”
(Chapter1) in Principles of Marxist Political Economy, edited by Liu,
Meixun, Beijing: Beijing Press, 2nd ed. 2000, pp.1-37, 1st ed. 1999, pp.1-34.
29“An Inquiry into the Origins of Marx’s Theory of Ownership,”
Journal of Tsinghua University, Vol. 13. No.3, 1998, pp.40-44. Reprinted
in Economic Theory, the Information Center for Social Sciences of
Renmin University of China (ICSS), No.1. 1999, pp.1-8.
30“Why is the Market Inevitable? What Can We Learn from
‘Economic Manuscripts of 1857-58’,” Series on Marxist Sources,
No.19. Beijing: Commercial Press, 1997, pp.610-627.
31“Two Stages of the Social Economic Forms,” (Chapter5) in New Principles
of Marxist Political Economy, edited by Gu, Hailiang, Beijing: National
Defense University Press, 1997, pp.136-159.
32“A Summary of the 5th Academic Conference of the National
Association of the History of Marxist Economic Thought,” (Wu,
Jingmin; Zhao, Zhun), Economic Perspectives, No.1. January 1996, pp.69-72.
33“On the Structure of Property Rights of Joint Stock Companies,”
Journal of Lanzhou University, No.1. 1995, pp.40-44.
34“Only the Distribution according to the Value of Labor-force can
Realize the Contribution According to Work,” Gansu Labor, No.5. 1993, pp.18-19.
35“On Labor as a Commodity and the Labor Market under
Socialist Market Economy,” (Zhang, Zhaoke; Zhao, Zhun), Gansu Labor, No.4. 1993, pp.18-20.
36“Information: A Golden Key to the Prosperous Future,” (Chapter7)
in Know the Enemy and Yourself, and You Will Be Unconquerable:
the Successful Experiences of Japanese Small and Medium-sized
Businesses, edited by Wang, Guanyi, Yinchuan: Ningxia People Press, 1993, pp.164-185.
37“The Reform of the Financial System in China,” (Chapter5)
in The Big Trends of Economic System in China, edited by Gao,
Xingcai, Lanzhou: Lanzhou University Press, 1993, pp.120-144.
38“On the Problems and the Countermeasures of Employment in Lanzhou,”
Lanzhou Economy Research, No.5-6. 1992, pp.60-62.
PROFESSIONAL ACTIVITIES
1 Referee of Academic Journals: Social Sciences in China (2011),
Journal of Anhui University (Philosophy and Social Sciences) (2010),
Frontiers of Economics in China (2010)
2 Reviewer of Chinese Association for Political Economy, 2008-present
3 Executive member of the council, the national Forum of Marxist economics,
2015-present
4 Secretary of Tsinghua University for the “Beijing Doctoral Forum in Economics”,
2004-present
5 Council member of the National Association of the History of Marxist Economic
Thought, 1998-present
6 Council member of the National Association for Capital Studies, 2005-present
7 Council member of the Capital Economists Forum，2013-
PRESENTATIONS AT CONFERENCES AND INVITED TALKS
1“Open up a new realm of Marxist political economics in contemporary
China—the second conference of Young and middle-aged Marxist political economy,”
Chair of the second session “Study of contemporary capitalist basic contradiction,
” Social Sciences in China Press, Dec 26, 2015
2 the fourth national Forum of Marxist economics and the fifth national
Youth Forum of Marxist political economy,” discussant of the second session
“foreign Marxist economic theory”, Tianjin University of Finance and Economics, October 24, 2015
3 the ninth Conference of Chinese Association for Political Economy (CAPE),
discussant of the fifth session “historical and empirical analysis of Chinese Economy”,
Southwestern University of Finance and Economics, October 17-18, 2015
4 “A comparison between the teaching, studies and spread of Marxist
Economics in contemporary US,” the 15th Conference of National
Association of the History of Marxist Economic Thought, Sichuan University, July 18-19, 2015
5 “A comparison between the studies of Marxist Economics in
contemporary US,” the 50th Anniversary Commemorating Symposium
of the Institute for the history of development of Marxism-Leninism
“the history, present and future of the development of Marxism—
the current situation and the prospect of the studies of the history of Marxist Economics,”
Renmin University of China, Nov. 27, 2014
6 “Public debt and Economic growth and Economic Efficiency,”
14th Conference of National Association of the History of Marxist Economic
Thought, the Plenary Session, Yunnan University of Finance & Economics, August 7, 2013
7 “Necessary labor and Surplus Labor: an Analysis on the Cause of
2008 Global Economic Crisis,” the 3rd National Conference on das
Kapital and Contemporary Issues, Jiangxi University of Finance and Economics, July 6, 2013
8 “American Marxist Economist’s view on the Cause of 2008 Global
Economic Crisis,” Youth Annual Meeting of Political Economics of 2013,
Tsinghua University, May 12, 2013
9 So cialism with Chinese Characteristics: Implications and Possibilities,”
Niebyl-Proctor Marxist Library for Social Research, Oakland, August 20, 2012
10“The Contradiction of Money and the Crisis of Liquidity”,
the Seventh Forum of the World Association for Political Economy,
“on State, Market, the Public and the Human Development in the 21st Century”,
Universidad Autonoma Metropolitana, Mexico City, May 26-27, 2012
11“Marx’s Economics and China’s Economic Reform and Development”,
Center for Marxist Education in Cambridge, March 141, 2012
12“Some Issues in Political Economy of Gender”, Brandeis University,
Women's Studies Research Center, March 141, 201213 13 "Interpreting Scholes’
Puzzle with Marx's Theory of Money and Capital”, presentation
at 38th Annual Meetings of Eastern Economic Association, Boston, March 9-11, 2012
13“Explaining Scholes’ confusion about the drying-up of liquidity --
Concurrently on Marx’s Essence, inherent contradiction, and its development of Money.”
Talk at the 1st Youth Forum of Marxist economics in Beijing, Chinese Academy of Social Sciences, May 4, 2011
14“Profit Rate and Employment: Two key points to Understand and Develop Marxist Political Economy.”
Talk at the Conference of Developing Marxist Political Economy, Social Sciences in China Press, Dec 31, 2010
15“The Global Financial Crisis and Minsky’s Financial Instability Hypothesis.”
Presented at the 4th Conference of Chinese Association for Political Economy
(CAPE), the 3rd Panel, Nankai University, Nov 27, 2010
16“Solving Problems for Scholes--Concurrently on Marx’s Theory of
the Nature of Money, and the Evolvement of Money’s Internal Contradiction.”
Talk at the 15th Conference of the National Association for Capital Studies,
the 2nd Panel, South Western University of Finance and Economics, Oct 30, 2010
17“The Global Financial Crisis and the Revival of Minsky.” Talk at the 18th
Annual Academic Symposium of Chinese Association of Foreign Economics,
the 3rd Panel, Yunnan University of Finance and Economics, Sep 24, 2010
18“Critiquing Efficient Market Hypothesis -- Questioning and Defending
the Stability of Financial Market.” Presented at the 5th International Forum
of WAPE, the 1st branch Meeting, International College, Renmin University of
China, Suzhou, May 29, 2010
19“Division Over the Efficient Market Hypothesis -- How Economists Rethink
and Defend the Stability of the Financial Market after the Crisis.” Invited talk at
Beijing Technology and Business University, May 25, 2010
20“Efficient Market Hypothesis and CAPM: What is the Internal Stability of Markets?”
Presented at Beijing Doctoral Forum in Economics, BaiGou, Hebei Province, November 21, 2009
21“An Introduction to the Course ‘Intermediate Political Economy’ Offered in Tsinghua University.”
Presented at the 3rd Conference of Chinese Association for Political Economy (CAPE),
the Plenary Session; “Understanding the Financial and Economic Crisis in the US
from the Perspective of Marx’s Theory.” the Concurrent Session, Shanghai University
of Finance and Economics, November 8, 2009
22“Marx’s Theory of Under-consumption and the Financial and Economic Crisis in the US.”
Presented at the 12th Conference of National Association of the History of Marxist Economic
Thought, the Plenary Session, Tianjin University of Finance and Economics, October 11, 2009
23“A Marxism Analysis of Current Financial and Economic Crisis.” Invited talk at Renmin
University of China, Workshop on Political Economy, July 17, 2009
24“An Introduction to the Course ‘Intermediate Political Economy’ Offered in Tsinghua University.”
Presented at the 1st Conference on Textbook and Courses Reform of Political economy, Plenary Session,
Anhui University, April 11, 2009
25“The Present Situation of Research and Education in Marxist Economics in the US.”
Invited talk at the School of Economics, Renmin University of China, September 25, 2008
26“On Bowles’s Post-Marxist Macroeconomics.” Invited talk at Renmin University
of China, Workshop on Political Economy, December 13, 2007
27“On the Essence of Marx's Money.” Presented at Beijing Doctoral Forum in Economics,
Hebei College of Finance, December 23, 2007
28“The Present Situation of Research and Education in Marxist Economics in the US.”
“Money Supply: Endogenous or Exogenous?” Invited talks at Lanzhou University,
October 9~10, 2007
29“Money Supply: Endogenous or Exogenous?” Invited talk at Northwest
Normal University, October 12, 2007
30“The Present Situation of Research and Education in Marxist Economics in the US.”
Talk at the 12th Conference of the National Association for Capital Studies,
Xiangtan University, October 17, 2004
31“The Reform of Ownership in China Since 1978: the Reform of State-owned
Enterprises and the Non-state-owned Economy.” Presented at 2004 URPE Summer
Workshop/Retreat: Right-Wing Coup, or Neoliberalism as Usual? Camp Chinqueka,
Bantam, Connecticut, June 4~7, 2004
32“The Reform of Ownership in China Since 1978: the Reform of State-owned Enterprises
and the Non-state-owned Economy.” Invited talk at the Center for Marxist Education
in Boston, May 22, 2004
33“An Alternative Interpretation of Marx's Value Theory.” Presented at the Eleventh
Mini-conference of the International Working Group on Value Theory (IWGVT)”
and the “Eastern Economic Association (EEA) 30th Annual Conference”,
Washington DC. February 20~22, 2004,
34“An Interpretation of Marx's Value Theory--An Integration of Reality and Idea.”
Presented at Rethinking Marxism's 5th International Gala Conference--Marxism
and the World Stage, the University of Massachusetts at Amherst, November 6~8, 2003
HONORS AND AWARDS
1 Second Prize, Outstanding Class Teacher, Tsinghua University, 2010
2 Outstanding member of the Union of the School of Humanities and
Social Sciences, Tsinghua University, 2006
3 Third Prize, Excellent Papers, High-education Research Association,
Tsinghua University (On How to Instruct Students to Write Papers and
Conduct Research through Internet -- Experiences of Teaching Reforms
of “Principle of Marxist Political Economy).” 2005
4 Second Prize, Outstanding Teaching Achievement, Tsinghua University
(Focus on the Textbook Construction, Further the Teaching Reform,
core member), 2004
5 Excellent Paper, the 16th National Teaching Reform Conference (Experiencing
Fullness, Happiness, and Thinking in Teaching and Learning), 2003
6 Candidates for Leading Scholars in Courses of Marxist Theory
and Ethics of Beijing Colleges, 2003
7 First Prize, Excellent Educational Software of Tsinghua University
(Web-based Courseware of Marxist Political Economy, core member), 2002
8 Second Prize, the 7th Beijing’s Excellent Achievement in Philosophy
& Social Sciences (Principles of Marxist Political Economy, core member), 2002
9 Second Prize, Excellent Papers of Beijing’s High-education Association
of Political Economy and Socialism Construction (Interpretation of
Marxist Theory of Value of Labor), 2002
10 Second Prize, the 5th National Multimedia Educational Software
Contest (Web-based Courseware of Marxist Political Economy, core member), 2001
11 First Prize, Excellent Textbook, Tsinghua University (Principles of
Marxist Political Economy, core member), 2001
12 Outstanding Teacher in School of Humanities and Social Sciences,
Tsinghua University, 2000
13 First Prize, Excellent Teaching, Tsinghua University (core member), 2000
14 Second Prize, Excellent Teacher of “Friends of Tsinghua”, 1999
15 Guanghua Fellowship, Renmin University of China, 1995-1996
16 The Ryoichi Sasakawa Young Leaders Fellowship Fund, Lanzhou University,
1993-1994
17 Third Prize, Outstanding Achievement of Scientific Research of Finance,
Gansu Province -- the Reform of Financial System in China, 1994
18 Outstanding Student Cadre, Lanzhou University, 1990
STUDENTS SUPERVISED
Current Ph.D. advisees
Sun Xiaoyu, Wang Shuai
Current MA advisees
Ma Xiaonan
Past MA advisees
Wang Zexian, Liu Hui, DongXin, Fan Zhangwei, Zhang Ke,
Lu Ming, Wang Shuai, Liu Zhenshan, Ma Mengting,
Sun Yongan, Zhang Jin, Sui Xin
Past BA advisees
Yang Huize, Zhang Ke, Lin Zhenzhong, Li Xuan, Lei Xiaoyu,
You Pengfei, Zeng Ju, Cao Shiyun, Guan Lin, Ju Xiao, Long Qin, Jin Tianyu, Gao Yunyi
DIRECTION OF UNDERGRADUATE WORK
Class Teacher of “Pilot Class in Social Sciences” of School of
Humanities and Social Sciences (56 students), 2008-2012
CONTACT INFORMATION
Institute of Economics
School of Social Sciences
MingZhai, Room 203, Tsinghua University, Beijing, P.R.China, 100084
Phone: (86)10-62788151 (Office)
Fax: (86)10-62780592
Email: zhaozhun@tsinghua.edu.cn
