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The Unknown Unknown Marx

capital that “expose the basis of overproduction, the fundamental contradiction of developed capital.” Nicolaus qualified what Marx meant by overproduction to be “[not] simply ‘excess inventory’; rather, he means excess productive…

Free Trade vs the World Bank

…for a rich nation and is 5% overall world wide. Produced capital accounts for only 18% world wide. 77% of wealth creation is from “intangible capital”. Intangible capital is the…

…was a very strong and relatively stable trend growth rate for both productivity and real capital stock per employee. But in the 1980s economic cycle growth in the real capital