…Worldwide, the study finds, “natural capital accounts for 5 percent of total wealth, produced capital for 18 percent, and intangible capital 77 percent.” For under developed or undeveloped countries you…

…at full-employment of all available labor and capital resources. My view is that potential real GDP is the output limited by potential demand, even if all available labor and capital…

…is still greater if private investment is positive and public capital isn’t too close a substitute for private capital. This time I will assume that public spending is not productive….

…the lines between “real” capital, “human” capital, and “financial” capital? What are their economic relationships? (If you’re under the impression that they’re obvious or clearly understood and agreed-upon, you’re not…

…capital! That proves that high taxes on capital cause slow growth!” First of all, even if such a correlation existed, that wouldn’t prove anything by itself. There are a host…

…on the emerging markets and not enough on the volatile capital flows that can overwhelm their financial markets. Capital outflows—particularly those large outflows known as “sudden stops”—are often attributed to…

…should “count” as qualified capital when the transferor partner had a more limited qualified capital account. Remember that purchasers of interests from interest holders do not add capital to the…

…long-term investment”. He claims that carried interest is clearly a tax on capital gains merely because the capital gains on investments in the partnership is passed through to the service…

…France (Figure 3.2), and Germany (Figure 4.1), total capital fell below 300% of GNI in the period encompassing World War I and World War II. By 2010, total capital was…

Whither Social Capital? This past Friday there was yet another retirement conference, this time honoring “Mr. Social Capital,” Robert S. Putnam, who is retiring from Harvard’s Kennedy School at age…