…capital is separating from its customer base. Ultimately, production and the utilization of labor & capital stay below the effective demand limit line. This has been the consistent historic pattern….
…about, because we really have no idea (beyond the market’s best guess expressed in household net worth) what our real capital is worth. “Financial capital” is an oxymoron. Cross-posted at…
…Russia. U.S. markets affect capital flows in other ways. Erlend Nier, Tahsin Saadi Sedik and Tomas Molino of the IMF have investigated the key drivers of private capital flows in…
…that investment depends on the future marginal product of capital as well as the current marginal product of capital. I think the first approach is vastly superior to the second…
…* Total labor hours/Capital stock Increasing labor hours increases the profit rate. Whereas increasing the capital stock would tend to decrease profit rates. So when capital is maxing its use…
by Joseph Joyce Trilemmas and Financial Instability Whether or not the international monetary trilemma (the choice facing policymakers among monetary autonomy, capital mobility and a fixed exchange rate) allows policymakers…
…be privatized. Ideology has defeated arithmetic. Economists have to face this fact when they discuss policy. 2. Realized capital gains, restarting on inheritance and stuff. Under the current system capital…
EconoSpeak: Socially Ambivalent Labour Time VII: Capital volume 1, chapters one and three. Sandwichman, July 30, 2021 Afterword to the Second German Edition [of Das Kapital, Buch 1] (1873): I must…
…How Wall Street, venture capital drive high drug prices, GoozNews, Merrill Goozner This article also appeared at the Washington Monthly. The pharmaceutical industry is the great white whale of American…
In comments to my previous post, Robert requested the unsmoothed data from Graph 3. Here it is. GPDI is plotted against the Capital Gains Tax Rate. Since the Capital Gains…