What Is the Virtual Economy?

The fictitious economy is relative to the real economy and an inevitable product of economic virtualization (called "financial deepening" in the West). The essence of the economy is a set of value systems, including material price systems and asset price systems. Unlike the material price system, which is supported by cost and technology, the asset price system is a specific price system based on the capitalized pricing method, which is the virtual economy. Due to capitalization pricing, people's psychological factors will have an important impact on the virtual economy; this means that the virtual economy has inherent volatility in operation. Broadly speaking, in addition to the financial industry and real estate industry, where the current research is more concentrated, the virtual economy also includes the sports economy, the gaming industry, and the collection industry. Excessive development of the virtual economy will bring about a bubble economy.

Virtual economy

The term "virtual economy" is derived from Marx's theory of capital, which is one of the reasons Marx used to criticize the inevitable demise of capitalism.

Since the Southeast Asian financial crisis in July 1997. The relationship between the real economy, the virtual economy and the false economy has aroused the attention of academic circles and practice departments at home and abroad. How to look at the real economy, virtual economy, and fake economy is of great significance to China's deepening reforms, advancing market economy construction and economic development.

In economic operations, the real economy is used to describe

In the historical process, the virtual economy arises from the inherent needs of the development of the real economy, and its basic purpose is to promote the development of the real economy. In this regard, there are two main functions of the virtual economy:

I. Transparency of the enterprise through the issuance and trading of related tickets

In reality, the asset quality of the real economy sector will be a basic joint point.

For a long time, China has always held a negative attitude towards the virtual economy. With the continuous deepening of reform and opening up, the continuous growth of the virtual economy, and at the same time, the discussion on the virtual economy has become increasingly active.

The virtual economy is a "double-edged sword". It is produced by adapting to the needs of the real economy and can promote the development of the real economy; The main performances are:

The virtual economy is independent of physical capital and has great liquidity. It is a paradise for speculators.

Book information

Book title: Virtual Economy-New Economic Reference Series

Author: strict ed

Publisher: Xinhua Publishing House

Publication time: 2005-01-01

Edition: 1

Pages: 308

Word Count: 180000

Printing time: 2005-01-01

Paper: offset paper

Packaging: Paperback

Virtual Economy Editor's Recommendation

Virtual economy refers to an economic operation mode based on the operation of the real economy based on the abstract virtual wealth form. The virtual economy in the form of virtual capital, such as finance and real estate developed from virtual capital, and the virtual operating mode of economic virtualization based on the establishment of a virtual network structure, have all developed rapidly under the guidance of the goal of maximizing actual wealth. Become the true master of the modern economy.

Introduction to Virtual Economy Content

With the rapid development of information technology and the improvement of economic financialization, finance has become the core of modern economy, and the capital market has become the core of modern finance. Under modern electronic trading conditions, financial products such as stocks, bonds, and futures appear to be abstract. The virtual form of value makes the actual material wealth become a series of symbols, which increasingly separate from the physical assets and exist and move independently. Real estate, online banking, and collection industries are also increasingly virtual. "Virtual Economy" is an attempt to grasp the relationship between the real economy and the virtual economy from the combination of theory and practice. Clarify the inherent laws of virtual economy development.

The "Virtual Economy" series is an attempt to look at the characteristics and laws of this economic wave from the above aspects, to provide inspiration and reflection for decision makers, theoretical workers, and entrepreneurs, and to readers who are making waves on the "wave tip" Contribute knowledge and wisdom. All authors are PhDs and masters who have researched economic issues. Although they are young, they have a solid theoretical foundation and keen thinking. The most important thing is that they are passionate and innovative, and have a deep sense of responsibility to society and history. There are four volumes in the first series of the series, which took almost three years from planning to completion. We publish this book without pretending to be vain and vanity. We just want to exchange our experiences and opinions with readers through "without" and "hidden cultivation".