马克思金融危机理论研究

A Study of Financial Crisis Theory of Karl Marx

马克思具有丰富的金融危机理论思想。金融危机产生的一般原因在于金融固有的不稳定性质。金融不稳定性表现为金融过敏、股市波动、金融传染与契约风险。金融危机产生的具体原因有:生产危机、金融紊乱、国际贵金属流动等。在金融危机下,中央银行可以采取调控措施以减缓金融危机的影响。内生货币决定了它的行为基础。与后凯恩斯主义理论相比,马克思的金融危机理论具有独特的理论价值。

Marxist Economics is rich in theoretical conceptions about financial crisis.According to Marx,the general cause of financial crisis lies in the instability inherent in finance.The instability is characterized by financial oversensitivity,stock market volatility,financial contagion and contractual risk.Specifically,reasons for the financial crisis include production crisis,financial chaos,international flow of precious metals,etc.During a financial crisis,central banks can take adjusting and controlling measures to alleviate the impact of financial crisis.Endogenous money determines the limitation of central bank behavior.Compared with the Post-Keynesian Theory,Marx＇s theory of financial crisis has unique theoretical implications.