From "Ticket Economy" to "Modern Finance": Research on the Changes of Monetary System Based on Political Economy, Monetary and Financial Theory

DOI: https://doi.org/10.62517/jmsd.202412401

Author(s)

Rui Zhang

Affiliation(s)

Art Institute, Suzhou University of Science and Technology, Suzhou, Jiangsu, China

Abstract

Political Economy Money and Financial Theory, as well as its development, are guides for understanding the laws of modern currency circulation and properly handling the relationship between physical and virtual economies. The over 40 years’ great historical journey has witnessed the transformation from the "ticket economy" system of the period of the Social System of China exploration to the current "modern financial" system. As the legal currency, the function of the renminbi has gradually become complete after going through the imperfections of the system in which economic factors are controlled and regulated to the gradual completion of the market economy. Information technology revolution has given birth to a new form of currency based on credit, and financial reform and development have opened up vast space for the gradual perfection of renminbi functions. This article interprets the applicability and guiding role of Political Economy Money and Financial Theory behind different historical periods of currency systems and their respective functional completeness.

Keywords

Currency Reform; Ticket Economy; Modern Finance; Political Economy Money and Financial Theory

References

[1] Wang Na. The Essence and Development Trends of Two Digital Currencies from the Perspective of Political Economy. Economic Review, 2017, (07): 15-21. [2] Yan Pengfei. Further Study on the Construction Method of Political Economy System. Journal of Fujian Normal University (Philosophy and Social Sciences Edition), 2017, (02): 22-29. [3] Jiang Haixi. The Evolution and Costs of Contemporary Monetary Forms. Political Economy Review, 2018, 9 (05): 3-19. [4] Cao Dongbo. Monetary Concept: Economic Philosophy Reflection on the 40 Year Process of Reform and Opening up. Political Economy and Reality, 2018 (03): 36-42. [5] Jiao Lianzhi. On the "Ticket Society" of China's system in which economic factors are controlled and regulated Era: An Interpretation Perspective of China's Traditional the Social System of China. Qiu Shi, 2009 (11): 68-72. [6] Zeng Guoping, Wang Yanfei. Financial Development and Industrial Structure Changes in China. Finance, Trade and Economics, 2007 (08): 12-19+128. [7] Wang Aijian. Research on Financial Innovation and the Development of China's Virtual Economy. Financial Research, 2002 (07): 69-75. [8] Jiang Qiwu. Review and Innovative Thinking on the Reform of China's Financial System. Contemporary Economic Science, 2002 (01): 25-31. [9] Ma Yong, Zhang Jinglan, Chen Yuliu. Financial Cycle and Monetary Policy. Financial Research, 2017, (03): 33-53. [10] Huang Zhizhong, Xie Jun. Macro monetary policy, regional financial development, and corporate financing constraints: micro evidence of monetary policy transmission mechanism. Accounting Research, 2013, (01): 63-69+96. [11] Yao Kaijian. Political Economy Wealth Theory. Contemporary Economic Research, 2008, (09): 6-11+73. [12] Zhang Jie. The Monetization Process, Financial Control, and Reform Dilemma in China. Economic Research, 1997, (08): 21-26+79.