随着中国经济体制改革的深入 和社会主义市场经济的发展, 炒股票、搞期货、买卖债券、房地产投资热成为经济生活中的一大景观。然而,随之而来的经济“泡沫”现象引起了人们的关注,成为经济学界研究的新课题。 一、“泡沫经济”及其产生的原因和后果 把“泡沫经济”简单定义为经济生活中资产价格的异常膨胀,这是从现象和表层对“泡沫经济”的理解。实际上,作为资产价格一部分的商品价格,它的波动是受价值规律支配的,因而, With the deepening of China’s economic reform and the development of the socialist market economy, speculation in stocks, futures, bonds and real estate investment has become a major economic landscape. However, the attendant economic “bubble” phenomenon has aroused people’s attention and become a new topic in the study of economics. I. The “Bubble Economy” and Its Causes and Consequences The “bubble economy” is simply defined as the abnormal expansion of asset prices in economic life. This is the understanding of the “bubble economy” from the phenomena and the surface. In fact, the volatility of the commodity price, which is part of the asset price, is governed by the law of value,