{"resolved":true,"match_type":"uuid","source_type":"original_book","book_id":"5aba73df-238c-4ba0-bd59-c6ff3e9099f3","title":"虚拟资本：金融怎样挪用我们的未来","author":null,"edition":null,"publisher":null,"year":null,"isbn":"9787300330303","requested_by":"printed_page","book":{"source_type":"original_book","book_id":"5aba73df-238c-4ba0-bd59-c6ff3e9099f3","id":"5aba73df-238c-4ba0-bd59-c6ff3e9099f3","uuid":"5aba73df-238c-4ba0-bd59-c6ff3e9099f3","title":"虚拟资本：金融怎样挪用我们的未来","normalized_title":"虚拟资本金融怎样挪用我们的未来","author":null,"edition":null,"publisher":null,"year":null,"isbn":"9787300330303","isbns":["9787300330303"],"parsed":true,"ai_readable":true,"document_type":"book","page_count":236,"navigation_url":"https://workshop.closeclaw.top/ai/book/5aba73df-238c-4ba0-bd59-c6ff3e9099f3","title_url":"https://workshop.closeclaw.top/ai/title/%E8%99%9A%E6%8B%9F%E8%B5%84%E6%9C%AC%EF%BC%9A%E9%87%91%E8%9E%8D%E6%80%8E%E6%A0%B7%E6%8C%AA%E7%94%A8%E6%88%91%E4%BB%AC%E7%9A%84%E6%9C%AA%E6%9D%A5","fixed_page_url_template":"https://workshop.closeclaw.top/ai/book/5aba73df-238c-4ba0-bd59-c6ff3e9099f3/page/{printed_page}","path_api_url_template":"https://workshop.closeclaw.top/api/ai/book/5aba73df-238c-4ba0-bd59-c6ff3e9099f3/page/{printed_page}","read_url":"https://workshop.closeclaw.top/api/ai/read/5aba73df-238c-4ba0-bd59-c6ff3e9099f3","page_url":"https://workshop.closeclaw.top/api/ai/books/5aba73df-238c-4ba0-bd59-c6ff3e9099f3/page","search_url":"https://workshop.closeclaw.top/api/ai/books/5aba73df-238c-4ba0-bd59-c6ff3e9099f3/search"},"page":{"printed_page":80,"pdf_page":118,"physical_index":118,"physical_index_base":0,"printed_page_status":"recognized","page_sha256":"07b1cc6f661b69257783a018013464ed1251c58f3a52443988e1c339b5db79b3"},"chapter":"虚拟资本金融怎样挪用我们的未来","content":"哈耶克和马克思使用的“虚拟资本”概念之所以宝贵，在于它直接提出了实际积累和金融化积累之间存在的问题关系。虽然哈耶克认为虚拟资本会扰乱资源配置并导致浪费，但马克思的观点更加微妙。对他而言，价值增殖过程的预期验证可以在一定程度上刺激实际积累过程。尽管如此，他还是清楚地强调了金融幻象可能带来的破坏性影响。此外，他的虚拟资本概念超越了奥地利学派所关注的银行信贷这个具体问题。因此，马克思的分析框架更加丰富和细致。通过他的虚拟资本类型学，我们能够描述过去几十年间不同形式虚拟资本的繁荣景象。\n\n虚拟资本的爆炸式增长揭示了与商品生产相关的积累过程所验证的价值数量的眩目增长。这种动态出现在金融活动放松管制和汇率灵活的背景下，源于传统负债渠道和股市价值化渠道的扩大。它现在已经翻了一番，第二代金融作为第一种虚拟资本的衍生产品正在发挥作用。在过去30年间，这种现象蔓延到所有大型经济体。然而，德国和日本则与其他国家有所区别。德国基础形式的虚拟资本权重上升在21世纪头十年初期中断，而日本1990年的金融危机导致虚拟资本萎缩了10年。这一跌幅现在已经完全被抵消了。\n\n虚拟资本：金融怎样挪用我们的未来\n\n80","previous_page":79,"next_page":null}