株式資本の原理的規定について

概要

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Joint stock capital is not to be discussed as simple money-lending or mobilization of money, but should be considered as having contents independent of credit theory. It has a daulity, as combination of capitals" and as mobilization of money". Joint stock capital is formed primarily as a combination of capitals which seek profit. And the combination of capitals makes it possible to shorten unemployed periods of capital and to accelate the accumulation of capital. Under the combination of capitals, both the unity as a combination and the independence as individual capital units should be preserved, and the mobilization of capitals enables that goal to be realized. Then, through the purchasing of a stock cerificate, idle money in money markets flows secondly into security markets. After an inflow of idle money from money markets, the buying and selling of stocks keeps a level as does the buying and selling the right of ownership to real capitals. And the stock price has a dual structure : valuation on profit-rates and valuation on interest-rates.
信州短期大学の論文