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Palgrave Macmillan Books

Books editi da Palgrave Macmillan con argomento Recessions

Capitalism Without Capital

Capitalism Without Capital

Shipman Alan 
edizioni Palgrave Macmillan collana Palgrave Macmillan (Hardcover) , 2015

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...

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