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  • Format: ePub

Over 70 years ago, Michal Kalecki noted that firms could generate free cash. However, literature since then has remained within an industrial organizational context where free cash theory helps explain mergers. In contrast, this book views free cash at the macro and global level, exploring the various causes and effects of free cash on the economy.

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Produktbeschreibung
Over 70 years ago, Michal Kalecki noted that firms could generate free cash. However, literature since then has remained within an industrial organizational context where free cash theory helps explain mergers. In contrast, this book views free cash at the macro and global level, exploring the various causes and effects of free cash on the economy.


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Autorenporträt
Craig Allan Medlen is Professor of Economics at Menlo College, in California. He graduated with a B.A. in Economics from University of California Berkeley in 1966 and received his Ph.D from U.C. Santa Barbara in 1973.