So Long, Wealth Effect

James K. Galbraith

A chapter in Unbearable Cost, 2006, pp 168-170 from Palgrave Macmillan

Abstract: Abstract Friday’s crack in the NASDAQ, a 10 percent drop on top of 20 and no end in sight, should put an end to talk about an inflationary wealth effect. No wealth. No effect.

Keywords: Productivity Growth; Wealth Effect; Percent Drop; Stock Holding; Folk Culture (search for similar items in EconPapers)
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-23672-1_49

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DOI: 10.1057/9780230236721_49

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