论马克思对通货膨胀理论的创新及其现实价值

A Study on Marx' Innovations of the Inflation Theory and Their Realistic Value

马克思货币理论是在古典货币数量论基础上的较大创新。相比古典货币数量论将货币流通量作为引起通货膨胀的唯一因素,马克思则认为货币流通速度加快也是导致通货膨胀的一个原因。由此,区分货币币值变动属于实际贬值还是相对贬值,对研究通货膨胀成因及其治理是极其重要的。从近年来的情况看,货币供给的内生理论更切合中国的实际,因此,基于内生性的货币供给逻辑和通货膨胀的成因,我国当前治理通货膨胀的基本思路是:以流通中的货币需求量为目标,严格控制货币供应量并使之与需求量相适应;在发挥中央银行的货币调控手段基础上,辅以必要的行政手段。

Compared to the classical quantity theory of money putting currency in circulation as the only factor to cause inflation,Marx believes that accelerating the velocity of money is one of the reasons leading to inflation,and distinguishing the changes in value of its currency by currency devaluation or a relative depreciation is a key to formulate policy of controlling inflation.From the recent situation,the endogenous theory of money supply is more in line with China's reality.Therefore,based on the logic of the endogenous money supply and causes of inflation,China's current basic idea of controlling inflation is setting the demand of money in circulation as the target,while strictly controlling money supply to match with demand,making the central bank play a fundamental role in controlling money,and supplementing with necessary administrative means.