Capitalism without Capital

Name: Capitalism without Capital
Brand: PALGRAVE MACMILLAN
SKU: 9781137442437
Price: 581.03 RON
Availability: InStock

Accounting for the crash

Autor: Alan Shipman

Limbă:

Legare: Copertă tare

Editura: PALGRAVE MACMILLAN

Disponibilitate: În depozitul extern în cantități mici

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581.03 lei

An unusual consensus has developed among economists that the 'long boom' before 2008, and the subseq...

Informații despre carte

Autor

Alan Shipman

Limbă

engleză

Legare

Carte - Copertă tare

Publicat

2015

Pagini

180

EAN

9781137442437

ISBN

1137442433

Enbook ID

09238005

Editura

PALGRAVE MACMILLAN

Greutate

348

Dimensiuni

223 x 145 x 16

Descriere completă

An unusual consensus has developed among economists that the 'long boom' before 2008, and the subsequent crisis and recession, resulted from a global excess of capital. Over-supply of saving drive down capital costs, encouraging excessively risky investment and preventing the scrapping of outmoded plant. Capital's inexorable growth is also blamed for a prolonged squeeze on wages, rising elite wealth and worsening global inequality. This book explores the obvious clash between such arguments and actual measurements of capital, which show a small and shrinking 'productive' component, and a deepening disconnection between capital accumulation and economic growth. It traces the conflict to the continued absence of consistent definitions or measurements of capital, and neglect of the complex connection between aggregate capital and wealth. Capital 'gains' and 'losses', and the growing domination of income statements by balance sheets, undermine attempts to sidestep the problem by reconstituting economics as a system of flows.

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Capitalism without Capital

Accounting for the crash

Informații despre carte

Descriere completă

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