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On the Virtual virtual economy and economic

Author: ChengJinZuo
Tutor: HouFengYun
School: Shandong University
Course: Political Economics
Keywords: Virtual Value Virtual economy Bubble economy Price
CLC: F019
Type: Master's thesis
Year: 2005
Downloads: 193
Quote: 1
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Abstract


Economics research society on, directly or indirectly, to meet the people's material or spiritual needs something (labor output, also can be naturally occurring). Virtual value is the buyer decided by the future utility of the resources to pay for access to a resource willing buyer psychological support, its size and possible income, time compensation, risk compensation, power, size, potential hazards, the buyer is already number of buyer collective revolt of the degree of monopoly, the resources of the buyer's satisfaction, and emotional factors. The price is the realization of the virtual value of the buyer decision disposable income resources. Narrowly defined virtual value is indirectly supported by the magnitude of value by labor; economic bubble is the people psychological support but not labor magnitude of value support, equal to the difference between the value of the virtual in generalized virtual value and narrow; narrowly defined virtual value and economic bubble can under certain conditions into each other. The virtual economy is related to the virtual value the virtual value prices to be determined based on a series of economic activity; bubble economy is the economic bubble become the basis of the prices to be determined, the economic bubble completely virtual chain reaction of economic bubble of the overall economy or industry economic level of economic activity. Credit, the powers to produce the main reason of the virtual economy, spiritual, moral, cultural traditions, customs, information, opportunities may also have a virtual economy. The virtual economic complexity, volatility and highly speculative characteristics. The virtual economic decisions in the real economy, and its growing influence in the real economy. The virtual economy growing entity, the real economy is growing virtualization. The generation of the bubble economy and the power monopoly of information, tradition, culture, feelings, and finance-related rate, earnings ratios, book value, etc. can be used as an important indicator to measure the economic virtualization and bubble economy. Economic bubble will generate wealth illusion effect, moderate economic bubble, there is no harm, the bubble economy will bring huge social and economic harm will be caused by the financial crisis and the economic crisis; appear in the process of formation and development of the bubble economy could, bubble burst. Exploitation and profits are in fact related to the virtual value, is a manifestation of economic Virtual. The bill is a national credit and power generated virtual assets, a resource currency must have attributes that can be divorced from social production. Countries with high credit currency in international exchanges rely on monetary economic exploitation of backward countries. Inflation is the overall resource prices continue to rise, the root cause of the price rise is a monopoly. People are able to take full advantage of their best advantage resources, the social division of labor, the main reason of buyers and sellers alike transactions and international trade. GDP does not fully reflect a national, regional economic development and labor to create wealth. China should establish authority and credit government; attention should be paid to the national spirit and patriotism education; powers should be used with caution, pay attention to the \wary of the bubble economy; RMB should strive to go out of the country to establish and improve the the Chinese characteristics debt market.

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