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Tag: fictitious capital

Capital accumulation: fiction and reality

July 14, 2015July 14, 2015 sanjay perera

by Shimshon Bichler and Jonathan Nitzan The Mismatch Thesis What do economists mean when they talk about ‘capital accumulation’?[1] Surprisingly, the answer to this question is anything but clear, and it seems the most unclear in times of turmoil. Consider … Continue reading Capital accumulation: fiction and reality

Taking notes 31: The wolfman, capital and fugazi

January 28, 2014January 7, 2016 sanjay perera

by Sanjay Perera We welcome illusions because they spare us emotional distress, and enable us instead to indulge in gratification. We must not then complain if now and again they come into conflict with some portion of reality, and are … Continue reading Taking notes 31: The wolfman, capital and fugazi

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