Fictitious capital and the elusive quest in understanding its implications : illusions and paradoxes


Autoria(s): Teixeira, Joanílio Rodolpho; Ferreira, Paula Felix
Data(s)

10/06/2016

10/06/2016

01/10/2014

Resumo

This paper deals with the interaction between fictitious capital and the neoliberal model of growth and distribution, inspired by the classical economic tradition. Our renewed interest in this literature has a close connection with the recent international crisis in the capitalist economy. However, this discussion takes as its point of departure the fact that standard economic theory teaches that financial capital, in this world of increasing globalization, leads to new investment opportunities which improve levels of growth, employment, income distribution, and equilibrium. Accordingly, it is said that such financial resources expand the welfare of people and countries worldwide. Here we examine some illusions and paradoxes of such a paradigm. We show some theoretical and empirical consequences of this vision, which are quite different and have harmful constraints.

Identificador

Teixeira, Joanílio Rodolpho; FERREIRA, P. F. Fictitious capital and the elusive quest in understanding its implications: illusions and paradoxes. CADMUS, v. 2, n. 3, p. 55-65, out. 2014. Disponível em: <http://cadmusjournal.org/files/pdfreprints/vol2issue3/reprint-cj-v2-i3-fictitious-capital-jteixeira.pdf>. Acesso em: 31 maio 2016.

http://repositorio.unb.br/handle/10482/20697

Idioma(s)

eng

Publicador

CADMUS

Direitos

Open Access

CADMUS - Open Access Policy All articles published by Cadmus Journal are made available under an open access license worldwide immediately. Everyone has free and unlimited access to the full-text of all articles published in Cadmus journal. All articles published by Cadmus Journal, including data, graphics and supplements, can be cited in other publications, linked electronically, crawled by search engines, re-used by text mining applications or websites, blogs, etc. free of charge under the sole condition of proper accreditation of the source and original Publisher. Fonte: http://www.cadmusjournal.org/content/editorial-policy. Acesso em: 31 maio 2016.

Palavras-Chave #Capital (Economia) #Renda - distribuição #Crise econômica
Tipo

Artigo / Article