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Re: [Pen-l] What is the Crisis About? Fictitious Capital or the Destruction of Wealth?
- To: Progressive Economics <pen-l@xxxxxxxxxxxxxxxxxx>
- Subject: Re: [Pen-l] What is the Crisis About? Fictitious Capital or the Destruction of Wealth?
- From: Jim Devine <jdevine03@xxxxxxxxx>
- Date: Thu, 12 Mar 2009 08:29:37 -0700
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is it right to think of "fictitious capital" as referring to cases
where Tobin's Q is greater than one? (One version of Q is
(stock-market valuation of real assets)/(actual value of those
assets), though Tobin uses the reproduction cost of those assets in
the denominator.)
On Thu, Mar 12, 2009 at 8:18 AM, Anthony D'Costa
<promothesdcosta@xxxxxxxxx> wrote:
> India's richest men lose billions. Fictitious capital or wealth destruction?
--
Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own
way and let people talk.) -- Karl, paraphrasing Dante.
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