Capitalism without Capital, 2015
Accounting for the crash

Financial crisis, recession and worsening inequality have long been blamed on a surplus of capital. But the actions that led the latest boom and bust by banks and businesses, households and governments - can better be explained capital's increasing scarcity. Efforts to track it down confirm its disappearance.

Introduction 1 An Obvious Excess of Capital 2 A Still More Obvious Excess; Capital as Wealth 3 The Scarcity of Capital In Practice 4 What's Not There? Capital Definitions and Measurements 5 The Destination of Wealth 6 Economics Without Capital 7 Economies Without Capital