…profit rates stop rising, they stop increasing utilization of labor and capital. If profit rates stop increasing before full employment, well… we just won’t reach full employment now, will we?…

Yves Smith at Naked Capitalism showed concern over my last post on rising labor share… “In reality, it’s even worse than that. I hate criticizing writers whose work I generally…

by Joseph Joyce (re-posted from Capital Ebbs and Flows) International Debt and Financial Crises The latest issue of the IMF’s World Economic Outlook has a chapter on global imbalances that…

…Carstens. To achieve international financial stability will require monitoring capital flows across asset markets in different countries; volatility does not respect geographic borders. cross posted with Capital Ebbs and Flows…

…is simple: “Income” doesn’t include capital gains; it comprises all household income except capital gains. So capital gains are also absent from “Saving” — Income minus (Consumption) Expenditures. (This is…

…equation for the rental rate of capital. R for the the rental rate, K for the amount of capital, W for the wage, and L for the amount of total…

…ftp://ftp.aefweb.net/AefArticles/aef020208.pdf “….What we have found instead is that capital formation in the residential sector (housing) causes GDP growth, which in turn causes capital formation in the business sector (plant and…

…is 0.07 of total domestic income. Where does the rest of capital’s share of value added go? OK, I will try to answer. First, a significant fraction of capital’s share…

…Why isn’t investment very high ? My thoughts This is related to average v marginal. I think it is important to distinguish fixed capital into residential capital (AKA houses) non…

…the coast of Africa as the generative form of large-scale industrial capitalism. Perhaps dancer and dance would be a more apt metaphor for the relationship between capitalism and slavery than…