…the most advanced country on earth; it didn’t need anything from the New World, and if anything, there was an outflow of capital (mostly human capital) from England to its…

…than the 11.1% of GDP in the 1916-29 era. But of course the 1920s was considered to be an era of very strong capital spending much like the 1990s. But…

By Spencer Brad DeLong said that Krugman eviscerated George F. Will on the level of capital spending during the Great Depression. Delong said:I have never been able to make any…

…the deficit on goods increased. More interesting to me than the current account, however, are some of the details contained in the capital account. The capital account is that portion…

by Linda Beale Another Reason to Ditch the Capital Gains Preference–Games Lawyers (and Hedge Funds) Play Bloomberg today covers a story about another tax-shelter ploy by hedge fund billionaires to…

…capital income actually increases. Those with capital must be experiencing a euphoria beyond normal drugs. How much would labor share have to rise to clean out the toxicity? My calculation…

…upon capital has been lowered so far down, that capital has acquired a state of immaturity. People want money for themselves and don’t want to give back to society. Fed,…

…labor income at the end of 2012, but we now see the spike going in the other direction, toward capital income. From 3rdQ-2013 to 4thQ-2013, capital income rose $113 billion,…

…of the University of Giessen. They estimate a dynamic hierarchical factor model of capital flows that distinguishes among a common global factor, a factor dependent on the type of capital…

Thomas Piketty’s Capital in the 21st Century shows us where society is going. Paul Krugman summarizes this future using Piketty’s term, Patrimonial Capitalism, where inherited wealth gains economic power and…