Romney paid 14.1% of his income and capital gains as tax in 2011. But I wonder I hope I wish that all of that was capital gains tax and none…

…the study finds, “natural capital accounts for 5 percent of total wealth, produced capital for 18 percent, and intangible capital 77 percent.” “Rich countries are largely rich because of the…

…something is funding these unilateral outflows: the capital account. The Capital Account The chart below illustrates the 3-month accumulated capital account balance as a sum of its components: net portfolio…

…reduces the hedge on the risk in the returns on fixed capital and reduces the optimum investment in fixed capital. For this argument to work, it is necessary that firms…

…reported capital income compared to NIPA capital income minus reinvested profits, but I won’t try that right now. 3. GNP vs GDP we have gone way into debt. National income…

…then becomes whether this is an economics problem at all. And, if we assume it is, what does that mean for other. more standard, problems? On the Next Rock: capital,…

…who have “profit interests” have been claiming that they do not have compensation income but merely a return of capital on their “carried interests” (and that may be long-term capital,…

Robert Waldmann Matthew Yglesias is completely mystified by opposition to deficit spending by the public and by Michele Boldrin. I basically agree with him, but I think that he is…

…the short-term, making the “capital” investment equivalent to a Demand Deposit account. If you want to reward capital investment, it needs to be truly treated as capital. Cuban notes: The…

rdan (hat tip Stormy) Market Oracle has an opinion on where the trade deficit will be headed: Durable and capital goods The US’s manufacturing sector is concentrated in industries most…