…idea of what they’re talking about when they use the word “capital.” They lump together real capital — fixed, human, organizational, whatever — with “financial capital,” an oxymoron that confutes…

…A general rule is that a wider spread will decrease capital income’s consumption rate. As the effective tax rate for capital income fell in the 1950s to 1960s, more capital…

…[the Cambridge Capital] debate tend to get needlessly bogged down in the abstract. They typically focus on the brain-teaser question of whether it’s possible to quantify the “amount” of capital…

…people may increase their individual human capital by moving around more, there may be an increase in social capital from people staying in one place more. This greater social capital…

…an “integrated” rate of 50.8%. The report claims that such a rate “discourages capital investment, particularly in the corporate sector, reducing capital formation and, ultimately, living standards.” Richard Rubin, Corporate…

…tighten their spending or are forced to tighten their spending. Capital sees this trouble before the general public and changes their behavior. Capital starts saving money instead of using it…

…can afford it. “Our social contract is to provide a standard of adequacy for health-care needs, not to strive for equality in health or in health care,” they write. They…

…of inefficient investing in China, talks about the ability of social capital to absorb capital investment. Social capital refers to the institutions of business and society, as well as the…

…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…