…key idea is that capital income based upon utilizing capital resources is optimized at the effective demand limit. Thus capital does not want to go beyond the limit because it…

…higher capital requirements in terms of lost GDP due to tighter lending conditions. This calculation requires a number of steps. We trace the impact of higher capital requirements to lower…

…So to invest more Mars runs a current account deficit — all cyberservice provided by earlhlings & martian cyberworkers go build capital. Note all the extra capital belongs to earthlings…

…Antonio Fatas challenged the conventional wisdom whereby sudden stops – or the abrupt reductions in net capital inflows caused by crisis confidence – are relevant only for countries with fixed…

…after-tax return on capital investment, and this is expected to draw in capital from abroad. These flows increase the U.S. capital account — basically, investments from outside the country —…

…“deglobalized” the U.S. economy would require a big reallocation of resources, including capital. Yet you go to trade war with the capital you have, not the capital you’re eventually going…

…named the “institutional view.” The Fund acknowledged that rapid capital flows surges or outflows could be disruptive, and that under some circumstances capital flow management measures could be useful. Capital…

…sorts established themselves as institutional players, allowing individual capitalists to diversify via investment in these funds. Regulatory restrictions on capital movements were dismantled or bypassed. New information technology dramatically reduced…

…the model is run to see how desired consumption changes. (These models typically assume constant levels of employment and capital utilization.) Given this structure, there is little they can tell…

…economic power.   Milanovic highlights one characteristic that the two forms of capitalism share: inequality. Inequality in today’s liberal meritocratic capitalism differs from that of classical capitalism in several features….