Palgrave Macmillan Books
Books editi da Palgrave Macmillan con argomento Recessions
Capitalism Without Capital
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...