Economics Dictionary of ArgumentsHome
| |||
|
| |||
| Stock prices: In economics, stock prices represent the current market value of a single share of a company's stock. They are determined by the forces of supply and demand on stock exchanges and fluctuate constantly based on company performance, economic conditions, and investor sentiment. See also Stock market._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
| Author | Concept | Summary/Quotes | Sources |
|---|---|---|---|
|
Thomas Piketty on Stock Prices - Dictionary of Arguments
Bofinger I 146/47 Share prices/quantity effects/price effects/Piketty/Schmidt: “It is true that share prices tend to rise faster in the long term than consumer prices, but this is mainly because the reinvested profits allow the companies concerned to increase their size and capital (therefore it is a quantity effect and not a price effect). If the reinvested profits are added to private savings, this effect largely disappears.”(1) Asset creationVsPiketty: Here Piketty now seems to equate the efforts of private households and companies to build up financial assets with genuine overall net asset creation, which is only possible in the form of real asset creation (if current account balances are not taken into account). But that would be a fallacy. >Saving/economic theories, >Saving/Piketty, >Quantity effects, >Price effects. Some basics for Piketty: >Cambridge Capital Controversy, >Geoffrey C. Harcourt, >Capital reversing, >Capital/Joan Robinson, >Exploitation/Robinson, >Reswitching/Robinson, >Reswitching/Sraffa, >Reswitching/Economic Theories, >Neo-Keynesianism, >Neo-Neoclassical Theories. 1. Piketty, T. 2014. Das Kapital im 21. Jahrhundert. München: Beck. S.233 Johannes Schmidt. 2015. „Kapital und Sparen bei Piketty: Einige saldenmechanische Anmerkungen“. In: Thomas Piketty und die Verteilungsfrage. Ed. Peter Bofinger, Gustav A. Horn, Kai D. Schmid und Till van Treeck. 2015._____________Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition. |
Piketty I Thomas Piketty Capital in the Twenty First Century Cambridge, MA 2014 Piketty II Thomas Piketty Capital and Ideology Cambridge, MA 2020 Piketty III Thomas Piketty The Economics of Inequality Cambridge, MA 2015 Bofinger II Peter Bofinger Monetary Policy: Goals, Institutions, Strategies, and Instruments Oxford 2001 |
||
Authors A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Concepts A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
