dc.contributor.author	Nitzan, Jonathan
dc.date.accessioned	2022-11-10T17:05:51Z
dc.date.available	2022-11-10T17:05:51Z
dc.date.issued	2015
dc.description	capital finance nominal real Tobin?s Q
dc.description.abstract	Video duration: 1:57 hours There are many explanations for the recent global crisis, but most seem to agree that the origins of this crisis are largely financial: the crisis started in and was amplified by the financial sector. Of course, when economists speak about a financial crisis, they don’t speak of finance in isolation; they speak of finance in relation to the so-called real capital stock. The current crisis, they argue, happened not because of finance as such, but due to a 'mismatch' between financial and real capital. According to this view, the world of finance deviated from and distorted the real world of accumulation; and since there is no such thing as a free lunch, the ensuing financial crash and Great Recession were the price we all had to pay for failing to prevent the distortion. This 'mismatch thesis' – the notion of a reality distorted by finance – is broadly accepted. It is the basic premise of liberals, it is endorsed by Marxists, and it guides policy makers. There is only one problem. The mismatch itself does not – and cannot – exist, and for the simplest of reasons: the very distinction between 'real' and ‘financial’ capital is entirely fictitious. . . . LOCATION: la chaufferie du Coeur des sciences de l’UQAM, MontreaL, Quebec. DATE/TIME: March 31, 2015, 18:00-20:00 [The presentation is in English and is open to everyone]
dc.identifier.citation	Capital Accumulation: Fiction and Reality -- Video and Paper. Nitzan, Jonathan. (2015). Presentation at UQAM, Montreal, organized by Association des Étudiants en Sciences Économiques (AESE UQAM). 31 March. (Lecture / Presentation; English).
dc.identifier.uri	http://hdl.handle.net/10315/39969
dc.title	Capital Accumulation: Fiction and Reality -- Video and Paper
dc.type	Presentation

Capital Accumulation: Fiction and Reality -- Video and Paper

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