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THE STOCK MARKET, CREDIT
AND CAPITAL FORMATION

Fritz Machlup

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William Hodge and Company, London, 1940, 405 pgs., translated from German by Vera C Smith, index, tables, appendices

 
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Reviewer's comments:

 

Chapter I - Competition in the Credit Market

 
 

Chapter II - Concepts Used and problems Discussed

 
 

Chapter III - The Role of Capital in Security Transactions

 
 

Chapter IV - The Absorption of Capital in Stock Exchange Speculation

 

Chapter V - The Loss of Capital in Stock Exchange Speculation

 

Capter VI - Demand for Money by the Stock Market

 

Chapter VII - The Demand for Loans by the Stock Market

 

Chapter VIII - The Liquid Funds of Bearish Sellers

 

Chapter IX - Capital Gains, Savings and a Vicious Circle

 

Chapter X - A Digression on International Speculation

 
 

Chapter XI - The Supply of Capital and Industrial Fluctuations

 
 

Chapter XII - Credit Creation and the Attempt to Determine its Proper Limits

 
 

Chapter XIII - Working Capital and Short Term Loans

 
 

Chapter XIV - The Money Market and the Trade Cycle

 
 

Chapter XV - Industrial Investment and the Quality of Credit

 
 

Chapter XVI - The Stock Market, Easier Credit, Dearer Credit

 
 

Chapter XVII - Conclusion

 
 

Appendix A - The Movements in Ledger Balances of Banks and Brokers Arising out of Stock Exchange Operations

 
 

Appendix B - The Circulation of Brokerage Deposits

 
 

Appendix C - Statistical Narrative for the United States

 
 

Appendix D - A Few Statistical Figures for England

 
 

References

 
 

 
 

 
 

 
 

 
     

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