In Practice It’s Scarce

Alan Shipman
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Alan Shipman: Open University

Chapter 3 in Capitalism without Capital, 2015, pp 51-69 from Palgrave Macmillan

Abstract: Abstract If there was really a surplus of capital in the late 20th and early 21st centuries, someone forgot to tell those running the world’s banks and non-financial businesses. They continued to behave as if capital were scarce and expensive, and needed to be carefully conserved. Economic problems since the early 1990s can be linked to a shortage of capital more plausibly than to any surplus.

Keywords: Monetary Policy; House Price; Balance Sheet; Cash Holding; Capital Ratio (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-44244-4_4

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DOI: 10.1057/9781137442444_4

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