…times, minimum wage laws and public disapproval of non-paying jobs have largely eliminated this particular way of acquiring human capital. However, many people continue to take lower-paying jobs than they…

…now the next shoe has clearly dropped. But the other news last week, on manufacturers’ new durable and capital goods orders, told a completely different story, as both increased to…

…requiring capital jurors to find ‘aggravating’ factors, by separating capital trials into the guilt/innocence and sentencing phases we see today and by guaranteeing appellate review of all death sentences.” Georgia…

…ages, becomes obsolete, its value is depreciated on balance sheets; this is also called “consumption of fixed capital.” So the blue slice here is net investment/capital formation: gross capital formation minus capital…

…wildly overstated. The value added of venture capital is questionable. It produces stock-market type returns with more volatility. A colleague who founded a successful venture capital firm left when it…

Busy week, so just a couple of things of note. Via Dr. Black, my old neighborhood gets a chance to build a better future: “It’s a great partnership among a…

…institutions. Worldwide, the study finds, “natural capital accounts for 5 percent of total wealth, produced capital for 18 percent, and intangible capital 77 percent. It does not take a Harvard…

…war. While overall manufacturers new orders rose 0.8% (blue), the real surprise was in core capital goods orders, which importantly excludes the defense sector (red), which rose a sharp 3.3%…

…us into the thorny theoretical thickets of “value,” “capital,” and the mysteries of “money profits.” ** Yes I know that’s not a word. But it should be. Hey: good name…

…case where Chamley (1995, 1996) applies. The only capital created is exactly that that replaces current capital. With no new capital, the effective tax rate on capital should be 0%.**…