…a reduction in capital requirements for the companies and a promise by them that they will each raise several billion dollars of capital this year, likely through a sale of…

…the data with a remarkable upward trend in stock buybacks. All this is further evidence of this corrosive dominance of financialization. Anders, George. 2008. “Exxon’s Stingy Capital Spending May Haunt…

…the capital budget, meaning future generations participate in the cost of the projects that will benefit those future generations. This makes sense. It’s why most corporations have separate capital budgets…

…of international capital flows. I agree that corrupt and inefficient domestic institutions in many developing countries are major impediments to growth. And there are lots of examples where citizens have…

…out in a post today. That has meant that the US has not had to attract much capital from the private sector. The following chart shows the total inflows of…

…one to assess how proposed tax changes will affect economic growth. Suppose Congress eliminated the double taxation of capital income by doing away with taxes on capital gains and dividends…

…is making headway in understanding the importance of low labor share of income. Remember low labor share means high capital share. Capital income is dedicated to increasing the means of…

…corner toward a contraction. So, do we see any signs? … Well, yes. This graph plots the aggregate profit rate against the savings rate of capital income. Aggregate profit rate…

…But let’s break this out. Profit rate = (1 – labor share)*GDP Output/Capital Profit rate = (1 – unit labor costs/inflation)*productivity * labor hours/Capital As unemployment comes down, labor hours…

…of demand to purchase production. The effective demand limit says that the combined utilization rates of labor and capital will not surpass an effective labor share. Therefore, slack in the…