The spirit of capitalism, social status, money, and accumulation. (Q1601976)
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scientific article; zbMATH DE number 1761871
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| English | The spirit of capitalism, social status, money, and accumulation. |
scientific article; zbMATH DE number 1761871 |
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The spirit of capitalism, social status, money, and accumulation. (English)
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6 October 2002
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This paper regards the unambiguous existence of the Tobin portfolio-shift effect in the wealth-is-state and the spirit-of-capitalism model of growth. So, higher inflation leads to higher capital stock, and inflation increases the endogenous growth rate of the economy.
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spirit of capitalism
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social status
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money
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growth
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Tobin portfolio-shift
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0.7330980896949768
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0.730943500995636
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0.7273122668266296
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0.7096522450447083
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