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.
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© 2015 Alan Shipman
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Shipman, A. (2015). In Practice It’s Scarce. In: Capitalism without Capital. Palgrave Macmillan, London. https://doi.org/10.1057/9781137442444_4
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DOI: https://doi.org/10.1057/9781137442444_4
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-68438-0
Online ISBN: 978-1-137-44244-4
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)