Study On The Theory Of Marx’s Virtual Capital Wangwei

Marxist fictitious capital theory which is on the basis of scientific theory of labor value is an important part of Marxist economic theory. Marx took the development of the capital at that time as the object of study, and after further study of interest, interest rate, currency working capital and interest-bearing capital, he created the theory of virtual capital.This paper studies the virtual capital theory of Marxism and discusses the forming background and the inevitability of Marx’s theory of fictitious capital.Reaching the content of Marx’s theory of fictitious capital, this paper probes the historical forms of fictitious capital, forming the understanding of Virtual capital’s connotation. On this basis, this paper also analyzes the nature and characteristics of Marxist virtual capital theory, that is, virtual capital as as a form of interest-bearing capital can gain a certain amount of revenue, but it neither has nor creates surplus value, on the country, it just exists on behalf of the right to obtain a copy of the certificate of future earnings. This copy of the certificate mainly includes state bonds, stocks, commercial bills, bank notes and bank deposits. During the circulation process, virtual capital formed its unique law of value motion. Although the price is decided by the size and reliability of the revenue which has the right to request and the interest rate, it is also affected by many other socio-economic and political factors. Meanwhile, the price change of virtual capital is related to the periodical change of the economic cycle. Since the generation of virtual capital is built on the basis of the real capital, virtual capital will greatly affect the development of real capital. This majorly shows on the impact of real capital accumulation and economic crisis.This article points out that at that time Marx examined the virtual capital and its characteristics under the condition of capitalism; however, virtual capital is the product of a highly developed commodity economy, as a result, its basic carrier still exists in the modern era and develops under the condition of the socialist market economy. Therefore, it is of significant instruction value for China to construct and develop real economy and establish healthy and orderly socialist economy with Chinese characteristics by dialectically analyzing and scientifically utilizing Marx’s virtual capital theory.