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  • 标题:¿Por qué "El milagro del interés compuesto" lleva a las crisis financieras?
  • 本地全文:下载
  • 作者:Michael Hudson
  • 期刊名称:Ensayos de Economía
  • 印刷版ISSN:0121-117X
  • 出版年度:2011
  • 卷号:19
  • 期号:34
  • 页码:15-33
  • 语种:Spanish
  • 出版社:Universidad Nacional de Colombia, sede Medellín
  • 摘要:In this paper I want to discuss the financial sector’s tendency to dominate, deflate and polarize economies, thwarting economic potential. Understanding these financial dynamics is essential to explain why all nations are not operating up to the technological potential toward which classical liberalism aimed, and why the world economy is polarizing, as are domestic economies even in the most advanced industrial nations.
  • 关键词:Increasing returns; compound rate of interest; financialization; Ponzi finance; asset-price-inflation; bubble economy; debt peonage.
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