…sure Warsh and Spence are wrong, but I can make a simple theoretical argument for their conclusion. The argument is that QE causes low non residential fixed capital investment. DeLong…

…limits on interest rate and foreign exchange mismatches on balance sheets, caps on bank loan to value ratios, and countercyclical capital requirements (see here for an overview of these measures)….

…to hold foreign equity and bonds. Martin Wolf points out that capital account liberalization may lead to a “large net capital outflow from China, a weaker exchange rate and a…

…will peak when the utilization of either capital or labor is optimized. In the United States, the optimization of capital always takes precedent over the optimization of labor. With that…

…in the history of capitalist production, the determination of what is a working day, presents itself as the result of a struggle, a struggle between collective capital, i.e., the class…

…the industrial; would try applying the capital and labor issue of then to the capital and automation issue of today. Meanwhile, in the absence of those of such big minds,…

Socially Ambivalent Labour Time XI, Capital, volume II Aside from a comment on the “labour socially necessary” in Engels’s preface, there is no other mention of socially necessary labour time…

…end of Bretton Woods also meant the end of the acceptance of capital controls, and capital began to flow more freely, first among the advanced economies and then to the…

…is an arrangement with provider-governed organizations, not financial intermediaries. If primary care needs capital, the capital should be tied to the expectation that providers will control how it is used….

…end of Bretton Woods also meant the end of the acceptance of capital controls, and capital began to flow more freely, first among the advanced economies and then to the…