An Obvious Excess of Capital

Alan Shipman
Additional contact information
Alan Shipman: Open University

Chapter 1 in Capitalism without Capital, 2015, pp 9-26 from Palgrave Macmillan

Abstract: Abstract The idea that capitalism can work without capital is clearly absurd. It’s got to be there — not just by definition, but because economic activity is stalled without it. When just a few dollars’ worth of capital is added to poor people’s ingenuity and industry, it can unlock the commercial drive that lifts them out of poverty (Banerjee & Duflo 2011: Ch. 9, De Soto 2000, Yunus 2003). Plenty of informed observation shows that people on low incomes have the incentive and inventiveness to prosper, and it is for want of an — often tiny — endowment of capital that they remain stuck in a hand-to-mouth existence.

Keywords: Interest Rate; Foreign Direct Investment; Central Bank; Federal Reserve; Credit Rating (search for similar items in EconPapers)
Date: 2015
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-44244-4_2

Ordering information: This item can be ordered from
http://www.palgrave.com/9781137442444

DOI: 10.1057/9781137442444_2

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().