Titlebook: Capitalism without Capital; Accounting for the c Alan Shipman Book 2015 The Editor(s) (if applicable) and The Author(s) 2015 Economics.capi

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Economies without Capital,nal income and shape public policy, seem to grow as the presence of capital declines? The answers seem to lie in the imbalance between saving and investment flows that were examined in the first two chapters, but move in a different direction when confronted by the capital shortage suggested by the third.

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,In Practice It’s Scarce,ancial 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.

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Book 2015Financial crisis, recession and worsening inequality have long been blamed on a surplus of capital. But the actions that led the latest boom and bust by banks and businesses, households and governments - can better be explained capital‘s increasing scarcity. Efforts to track it down confirm its disappearance.

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The Editor(s) (if applicable) and The Author(s) 2015

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