{"resolved":true,"match_type":"uuid","source_type":"original_book","book_id":"228f0c0d-2779-4136-9d68-0e7616b3a34f","title":"资本的限度","author":null,"edition":null,"publisher":null,"year":null,"isbn":"9787508673165","requested_by":"printed_page","book":{"source_type":"original_book","book_id":"228f0c0d-2779-4136-9d68-0e7616b3a34f","id":"228f0c0d-2779-4136-9d68-0e7616b3a34f","uuid":"228f0c0d-2779-4136-9d68-0e7616b3a34f","title":"资本的限度","normalized_title":"资本的限度","author":null,"edition":null,"publisher":null,"year":null,"isbn":"9787508673165","isbns":["9787508673165"],"parsed":true,"ai_readable":true,"document_type":"book","page_count":735,"navigation_url":"https://workshop.closeclaw.top/ai/book/228f0c0d-2779-4136-9d68-0e7616b3a34f","title_url":"https://workshop.closeclaw.top/ai/title/%E8%B5%84%E6%9C%AC%E7%9A%84%E9%99%90%E5%BA%A6","fixed_page_url_template":"https://workshop.closeclaw.top/ai/book/228f0c0d-2779-4136-9d68-0e7616b3a34f/page/{printed_page}","path_api_url_template":"https://workshop.closeclaw.top/api/ai/book/228f0c0d-2779-4136-9d68-0e7616b3a34f/page/{printed_page}","read_url":"https://workshop.closeclaw.top/api/ai/read/228f0c0d-2779-4136-9d68-0e7616b3a34f","page_url":"https://workshop.closeclaw.top/api/ai/books/228f0c0d-2779-4136-9d68-0e7616b3a34f/page","search_url":"https://workshop.closeclaw.top/api/ai/books/228f0c0d-2779-4136-9d68-0e7616b3a34f/search"},"page":{"printed_page":485,"pdf_page":493,"physical_index":493,"physical_index_base":0,"printed_page_status":"recognized","page_sha256":"b519bf44ffc914c2e64f931d2163337234568c1ec3d2dbe476c63835483335f3"},"chapter":"第10章 金融资本及其矛盾","content":"价值丧失在通货膨胀中的社会化还把过度积累的影响即刻分散到了全体社会阶级当中。但对这些影响的感受绝不是相等的。分配的后果会随着情况的变化而变化。例如马克思指出，金和银在16、17世纪的贬值“贬低了”与资本家相对的“工人阶级”和土地所有者，从而有助于货币权力在资本家手中的积聚43（《大纲》，第805页）。“在同生产过剩和投机过度同时发生的价格猛涨期间”，“非生产阶级和靠固定收入为生的人”的收入倾向于“保持不变”，而这会使他们在这些时期的购买力“相对下降”44（《资本论》第3卷，第491页）。依靠固定收入的人在价格紧缩的时期—这是由于向货币基础的回归而发生的很可能会获利，但在价值丧失转化为持久的通货膨胀时则会受损。\n\n通货膨胀还倾向于将储蓄者的货币权力再分配给债务人，因为后者是用贬值的通货来清偿债务的。然而，这种现象是否会发生取决于利率；当通货膨胀率高于名义利率时，按实值计算的利率就是负的。负的实际利率表示货币储蓄遭受了全面的价值丧失。倘若名义利率是随着货币资源的变化而变化的，大资产阶级的储蓄就有可能在通货膨胀的铁蹄下得到维护，工人阶级的储蓄则有可能丧失价值（参见《资本论》第3卷，第508 页)。\n\n第10章金融资本及其矛盾\n\n① 就政治对商业循环的操纵而言，最早看出这种可能性的大概是卡莱茨基(1971)。博迪(Boddy)与克罗蒂(Crotty)(1975)在“利润缩减”理论的语境下—我们在前面第52一54页拒斥了这种理论讨论了这个观点。\n\n485","previous_page":null,"next_page":486}