The monetary root of financialisation  

作　　者：Yu Luo 

机构地区：[1]School of Finance,China Financial Policy Research Centre,and International Monetary Institute,Renmin University of China,Beijing,China

出　　处：《Economic and Political Studies》2017年第1期41-59,共19页经济与政治研究（英文版）

基　　金：the Fundamental Research Funds for the Central Universities and the Research Funds of Renmin University of China(15XNF001).

摘　　要：Marxism has a strong influence on Western left-wing economists’understanding of financialisation,in that they regard financialisation as the consequence of the transformation of capitalism.Neoclassical economics and finance scholars tend to think of financialisation(financial development)as not exclusively occurring within the economic system of capitalism but as existing throughout an entire human history filled with numerous financial innovations.The unprecedented change of the monetary system ascribed to the collapse of the Bretton Woods System,among all historical and systemic changes,is the strongest underlying impetus to financialisation.Financialisation is the unintended consequence of a change in the monetary system from commodity money to credit money.Taking a more in-depth point of view,financialisation is philosophically a means for human beings to cope with the advent of a risk society,reflecting the advance of instrumental rationality,and hence is the embodiment of late modernity.

关 键 词：FINANCIALISATION monetary root risk society instrumental rationality 

分 类 号：F82[经济管理—财政学]