…broadly, it underscores that although he’s been an eager participant in contemporary capitalism, he’s not willing to mount a policy response to its vicissitudes. — Offshoring Is Fine. Why won’t…

Seems the devil really isin the details. Or lack thereof. Or (in this case) both….

…that while changes in inventories are often themselves negative, if not now, we basically never see negative private capital formation, with the exception maybe of massive destruction of capital stock…

…of rotting lumber; you’ve consumed its value by living in it. This is accounted for in the national accounts as Consumption of Fixed Capital (CFC).* (Fixed capital is broken down…

Yves Smith at Naked Capitalism offers wise words regarding trade policy agreements and capital flows, in addition to pointing us toward a letter signed by several hundreds of economists regarding…

…exposed to MBS risk and initially equally close to the capital requirement. In the real world different entities have different capital requirements. In particular capital requirements for investment banks (set…

…Michael Pettis explains, they must have enough social capital in order to absorb all that capital investment. Social capital refers to the institutions of business and society, as well as…

…wealth will accumulate in the hands of capitalists. When r is less than g, capital wealth falls and labor’s wealth rises through increased return to labor. He then says that…

…restraints of the trilemma, they will be reacting to the responses in foreign exchange and capital markets to their own previous initiatives.   cross posted witrh Capital Ebbs and Flows…

…calls it. Capitalists will then optimize the utilization of their capital to make profits off of the labor share. In the aggregate, capital does not want to make profits off…