Tag: Inequality
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Fictitious Capital and Why It Matters Today
The name “Fictitious Capitalist” might raise an eyebrow or two, and it is intended to do so. It’s a deliberate play on a profound concept from the economist and philosopher Karl Marx: fictitious capital. In his magnum opus, Das Kapital, Marx introduced the idea of “fictitious capital” to describe financial assets like stocks, bonds, and other derivatives.…
Fictitious Capitalist 