A Theory of Capital Rationing

Jan Toporowski ()
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Jan Toporowski: Department of Economics, SOAS University of London, UK

No 166, Working Papers from Department of Economics, SOAS University of London, UK

Abstract: This paper revisits some of the issues originally put forward by the author as the theory of capital market inflation, in the book The End of Finance (Toporowski 2000). The paper makes much clearer the key assumptions and relationships between the operations of the capital market dominated by institutional investors, and the balance sheets of companies. In this way, it presents a theory of how macroeconomic dynamics may be affected by disequilibrium in the capital market.

Pages: 12 pages
Date: 2010-09
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Citations: View citations in EconPapers (2)

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