Marx's Theory Of Credit And Its Contemporary Value

Marx's credit theory, as an important content of Marxism economic theory,has not been paid enough attention to for a long time. Therefore, one ofthe purposes of the study of Marx's credit theory is to deepen ourunderstanding and to arouse people's attention. In China, it can be saidthat the study of credit theory is upswing. According to the existingresearch, the study of Marx's credit theory is only at the initial state. So,there is a lot of space in the research of Marx's credit theory. Anotherpurpose is to give full play to it's guiding significance and contemporaryvalues.Firstly, this paper studies the process of Marx's credit theory'ssource and its formulation and evolution. Loansharking credit haspreviously appeared before capitalism credit. Capitalism credit developed ascounterproductive to loansharking. It is clear that criticism to loansharkingcredit is one of the sources of Marx's credit theory. Of course. The moreimportant source of Marx's credit theory is criticism and inheritance tothe petty bourgeois and the bourgeois economists' credit theory. From1844 to 1857, Marx's cognition and research to the credit has deepenedand systemed gradually, criticizing credit theory from the aspect ofethical sense in the initial, then analyzing from economic theory moredeeply, studying from the private credit to the public credit and theinternational credit ultimately.Contents of Marx's credit theory are extremely rich. Marx thoughtthat the credit is "movement of loans", which is the "classic definition"by Marx. Marx's credit theory includes private credit such ascommercial credit and bank credit, public credit and international credit.Credit and virtual capital is one of important components of Marx's credittheory and dual role of credit is also a key point of Marx's credit theory.Although Marx's credit theory has appeared before more than 100 years which studied the capitalism credit. Its generality still has practicalvalue and theoretical value for today's China~ The research of Marx'scredit theory helps us to build socialism credit theory with Chinesecharacteristics from theory. Marx's credit theory, such as bank credit,commercial credit, virtual capital and the dual role of credit, is importanttheoretical reference and guidance in develeping and improving thesocialist market economic system from practice.