河北经贸大学学报
河北經貿大學學報
하북경무대학학보
Journal Of Hebei University Of Economics and Trade
2011年
1期
26~30
,共null页
费雪交换方程式 货币流通速度 马歇尔的K 理论误解
費雪交換方程式 貨幣流通速度 馬歇爾的K 理論誤解
비설교환방정식 화폐류통속도 마헐이적K 이론오해
Fisher＇s exchange equation; velocity of monetary circulation; Marshal＇s K index; theoretical misunderstanding
在货币理论中＂货币数量说＂一直占据重要位置,其基本思想是正确的。但是,美国学者欧文.费雪用交换方程式表述＂货币数量说＂却产生了理论误解。费雪交换方程式的问题所在是用V=PT/M计算货币流通速度。这是费雪误解货币流通速度的理论后果。费雪交换方程式应矫正为ΣMQ.Pm=ΣWQ.PW。
在貨幣理論中＂貨幣數量說＂一直佔據重要位置,其基本思想是正確的。但是,美國學者歐文.費雪用交換方程式錶述＂貨幣數量說＂卻產生瞭理論誤解。費雪交換方程式的問題所在是用V=PT/M計算貨幣流通速度。這是費雪誤解貨幣流通速度的理論後果。費雪交換方程式應矯正為ΣMQ.Pm=ΣWQ.PW。
재화폐이론중＂화폐수량설＂일직점거중요위치,기기본사상시정학적。단시,미국학자구문.비설용교환방정식표술＂화폐수량설＂각산생료이론오해。비설교환방정식적문제소재시용V=PT/M계산화폐류통속도。저시비설오해화폐류통속도적이론후과。비설교환방정식응교정위ΣMQ.Pm=ΣWQ.PW。
The quantity theory of money has consistently taken up a key position in monetary theories and its fundamental idea is correct.However,Irving Fisher misunderstands this theory when he expresses it with an equation.This paper points out the defects of Fisher＇s exchange equation and the mistakes made by following scholars in calculating the velocity of monetary circulation with the formula V=PT/M.This is the theoretical consequences when Fisher＇s equation misunderstands the circulation velocity.So the formula shall be corrected as ΣMQ·Pm=ΣWQ·PW.
