Bücher von P.D. van Loo

Analyses of the capital market tended even less to draw attention to or inspire interest in the demographic element, despite the fact that the savings behaviour ofindividuals is also determined by their life cycle, an interest ing demographic detail.

In most Keynesian-type macroeconomic models the financial sector is modelled in terms of money demand, money supply and money market equilibrium. Market equations for existing physical capital, or shares in capital, are absent from these models on the tacit assumption that physical capital cannot be traded and, consequently, has no market price.