…Investment. There is no measure labeled “Investment” in the IMAs. So one side of the much-ballyhooed Saving = Investment accounting identity…simply doesn’t exist. The IMA’s “Capital Formation” is very similar,…

…y is output per worker and k is capital per worker. The capital stock adjusts so that the after-tax marginal product of capital equals the exogenously given world interest rate…

…significant. To quote Simon Kuznets, the man who led the creation of the NIPAs in the 1930s, “capital formation…represents the real savings of the nation.” (Capital in the American Economy,…

…time as capital can utilize it. (Hence the correctness of the theory of surplus population and surplus capital.) It is equally a tendency of capital to make human labour (relatively) superfluous, so…

…the whole Cambridge capital theory critique of aggregate capital and aggregate production functions, ironically a critique at least partly shared by more sophisticated Austrian economists as well. Many dumped on…

…= capital income -capital net taxes) MPS (capital) = (capital saving – capital imports)/capital disposable income Note: The numbers from labor and capital combine into boxes that are checked against…

…capitalism—appropriately nicknamed vulture capitalism—that Romney practiced at Bain Capital. For example, the prominent Silicon Valley venture capitalists do not (to my knowledge) buy companies in order to strip them down…

…effective labor share) * real GDP/value of capital goods This equation is simply based on the equation for capital share of income… Capital share = profit rate * capital goods/real…

…production that, for production to occur in a capitalist way, an ever-growing minimum of exchange value, of money—i.e. of constant capital and variable capital—is required to ensure that the labour…

…venture capital coming together to offer partnerships seems to have stoked new fuel in the competitive fires of capitalism in the meat industry.   They are not even close to being…