关键词: 马克思, 资本市场理论, 现实意义

Abstract: Marx's capital market theory is the indispensable component of the Marxian Economics. Marx believes that income capitalization mechanism is the key mechanism of interestbaring capital transporting to fictitious capital; the stock exchange has the effect in generating interest rate signals, promoting capital concentration, aggravating speculation transaction and inverting causality, and so forth; the stock company, not only the product of the market competition, but also the product of credit mechanism, has the functions such as promoting the development of productive forces, achieving the separation of ownership and management rights, slowing down the downward trend of average profit rates, enhancing market competition and monopoly, and sublating the capitalist private ownership; the fluctuation of stock price does not directly increase or decrease national wealth. Marx's capital market theory has positive and important guiding value in completing capital market developing mechanism of the socialist market economy, and deepening the reform of the capital market system and its mechanisms. 

Key words: Marx, capital market theory, realistic meaning