…Overall imports remain unchanged, even though capital is importing more and labor is importing less. If I hold labor MPC constant in graph #2, the fall in capital income taxes…

…for utilizing more or less labor and capital. Basically the equation takes a measure of total utilization of labor and capital, (x+y), then subtracts out diminishing returns from production and…

…would bottom out at 6.7% to 7.0%. That was assuming that capital utilization would increase. But now I see that unemployment can go lower, because capital utilization will not increase….

…but that looks to be changing. Piketty describes the growing power of capital income as “patrimonial capitalism”, where an elite gain control through inheritance and gained favor. Beatriz Webb explained…

…by capital income on the other hand would rise and fall. Yet, things have been getting turned around in the past two years or so. Consumption by capital income has…

…points), it is built on an increase of capital as a percentage of national income, of inherited wealth, that will cause capital income to explode in the near future. In…

…after the jump OK always following Krugman, I assume that capital is paid it’s marginal product. If there were no tax on capital income, then new foreign investment of deltaK…

…side and not the 23% side (natural 5% and produced capital 18%). That is 3.4 human capital to 1 natural/produced capital. That means education (all forms and subjects), support for…

by Joseph Joyce The True Owners of Foreign Capital Explaining the sources and destinations of capital flows is a key focus of research in international finance. But capital flows between…

…D_t and the capital K_t from the old. The old get capital income and also sell their bonds and capital to the young. They consume all of that so C_t^o…