…means that corporations will spend these profits on new capital additions and this will sustain the economy. However, a major portion of these profits are going to the energy companies…

PGL notes that the argument made by supply-side tax cut advocates centers on the notion that cutting taxes on capital income will encourage risk-taking and thus increase capital formation –…

…Bush’s fiscal irresponsibility, the capital-labor ratio would tend to fall, which means less real wage growth and a higher return to the capital stock. The impact on the labor share…

…capital for 18 percent, and intangible capital 77 percent.” “Rich countries are largely rich because of the skills of their populations and the quality of the institutions supporting economic activity,”…

…central bank interest rate. On the x-axis we see a value called the TFUR, which is simply multiplying the capital utilization rate by the labor utilization rate. The TFUR gives…

…of effective demand, even below full-employment if such a situation was to arise. Basic principles of effective demand 1. 100% utilization of available labor and capital would require paying out…

…to that bubble. Yet it is important to see how capital utilization decreased as employment increased through those years. One might expect capital to be utilized more as more people…

…terms. Thus the supply of money to capital rose, and the supply of money to labor fell. So, the interest rate had to fall in the capital income money market,…

…It is considered capital flight with legal difficulties. He says that $2 billion USD are leaving Argentina daily. The Argentine peso has been falling but it is ticking down more…

Via Naked Capitalism, Yves writes: If you are in Boston and not leaving town on Friday, please consider seeing some or all of this full-day program at Harvard Law School:…