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Bain Capital vs. Berkshire Hathaway**

…various types of venture capital “models” (as Yglesias calls them), conceding that, yes, that may really be more relevant to the key issues in the campaign than Obama’s earlier relationship…

Capital Gains and Dividend Taxes

We keep hearing from the conservatives-libertarian that we need lower taxes on capital gains and dividends to encourage capital spending or investments. But when I look at the record of…

…valued at the purchase price. This bypasses capital gains. Since Gates’ Microsoft stock was originally purchased for approximately $50,000, and is now worth billions, the value of each dollar’s worth…

Pro Say Contra DeLong

…so output is a function of capital and effective labor (technology times labor). First consider steady technological progress. In this case the ratio of capital to effective labor converges to…

FDR and CAPITAL SPENDING IN THE DEPRESSION

I see the history rewriters are tying to develop a new meme about FDR and the depression. They are now trying to argue that FDR scared businessmen and capitalist so…

Growth Theory v. Monetary Economics: Mandel v. Thoma

…Let me explain the difference between the hairshirts and the growth proponents. Remember that long-term productivity growth–which is our ultimate goal–is driven by three forces: Physical capital, human capital, and…