…predominant, explanation of the crisis is, not primarily a rise in the rate of interest, but a sudden collapse in the marginal efficiency of capital… Moreover, the dismay and uncertainty…

…to be reduced by 6.5% holding capital steady. Discussion In island #1, business owners are not happy. They are losing profits. So they increase hiring while holding capital stock steady….

…kind of legislation, sought by the elite owners of capital who benefit from paying lower non-union wages, is (mis)labelled by the pro-wealthy right as “right to work”. It is really…

…the value of work.” Cool!! It is indeed reckless that capital gains, “carried interest,” and the like are taxed at a much lower rate than income from work, and that…

…(1 – labor share)*productivity * labor hours/Capital Profit rate = (1 – unit labor costs/inflation)*productivity * labor hours/Capital “Considering 4 things… Profit rates have peaked Labor share has bottomed out…

…rate on the y-axis, but put a measure for the utilization of labor and capital for output on the x-axis. The measure is TFUR which multiplies the capacity utilization rate…

…to finance government debt, which left the economy vulnerable to currency crises and capital flight. Arias and Wen conclude that governments manage the composition of capital inflows and control capital…

…debates with her 1954 paper in the Review of Economic Studies, “The production function and the theory of capital,” in which she took apart the idea of aggregate capital, with…

…key idea is that capital income based upon utilizing capital resources is optimized at the effective demand limit. Thus capital does not want to go beyond the limit because it…

…higher capital requirements in terms of lost GDP due to tighter lending conditions. This calculation requires a number of steps. We trace the impact of higher capital requirements to lower…