The stockmarket, the financing of corporate growth and Indian industrial development

Preprint OPEN
Singh, Ajit;
  • Subject: stockmarkets, India, economic reform, global phenomenon
    • jel: jel:G2 | jel:G3 | jel:O1

Abstract In the General Theory, Keynes was stringent in his criticism of the role of the stockmarket in relation to industrial investment and the real economy. In a famous passage, in chapter 12 he wrote:"As the organisation of investment markets improves, the risk of t... View more
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