Analysis On The Finanicial Crisis From The Perspective Of The Marx’s Theory Of Fictitious Capital

The global financial crisis caused by American sub-prime mortgage crisis in2008rapidly spread to the world in a short time, brought about great influence to the global financial industry and even the whole economy system. China also was inevitably affected severely. The influence of the crisis has not completely over yet up to now. After the outbreak of the global financial crisis,the domestic and foreign scholars and experts had conducted much research about it. For the key problem about the causes of the financial crisis, most of scholars analysis from the perspective of externality factor, such as monetary policy, financial system, financial supervision, economic system, and so on, while the depth of revealing the root causes of the financial crisis is not enough yet.This paper based on the existing literature, set out of the Marx’s theory of fictitious capital, and makes full use of marxist economics methods and principle，further studied the financial crisis, had vital significance for the global countries to get out of the crisis and to resuscitate economy, and also had vital realistic significance for China to follow the economic laws and promote the development of socialist market economy.This paper set out of the Marx’s theory of fictitious capital, first overviewed the content about fictitious capital’s concept, formation, existence form, andso on, expounded the fictitious economy on the basis of fictitious capital, interpreted the fictitious economy based on its many aspects, such as concept, characteristics and the logical illation from fictitious economy to fictitious economy,and proved the double effect the financial crisis caused to social and economic development, and then introduced the evolution process of the financial crisis,dialectically analysis the causes of the financial crisis from the perspective ofthe fictitious economy, and pointed out that the root of the global financial isstill the capitalist basic contradiction, then analyzed the impact and the enlightenment brought by the financial crisis combining the current international andChina economy’s actual situation influenced by the global financial crisis, concretely researched the effect the financial crisis brought to world pattern, worldeconomy and China economy and possible factors leading to the financial crisis and the enlightenment for China economy and society development. Finally, this paper puts forward some suggestions about forestalling and dealing with the financial crisis based on the Marx’s theory of fictitious capital: to accelerateupgrade industries, stimulate domestic demand, raise the capacity of forestallingrisk; to improve the quality of the financial asset, promote financial innovation developing with steady steps; to promote the fictitious economy developing healthy on the basis of the real economy; to strengthen macro-control effectiveness, increase the potency dimension of ruling financial market; to open up thecapital market prudently, promote the financial market opening up steadily andorderly; to firmly grasp the financial regulation, actively preventing financial risks; to establish the international financial cooperation mechanism and improvethe ability of resisting the global financial risk.