…the effective demand limit. The basic equation says that labor share will determine the limit for the utilization of labor and capital. In this equation, the right side will tend…

…demand for human capital and the low human capital of lots of people can explain why their real wages have stagnated (or fallen) and why fewer of them are employed….

…the prices of assets across markets or their substitutes. Capital flows and the spread of euphoria also contribute to the simultaneous rises in asset prices in different countries. (Piero Pasotti…

…tax on capital gains and the step-up in basis at death, it allows them to live off the income of their wealth during their lives at low tax rates (zero…

…already swung back from unregulated capital flows and towards the use of capital control measures as part of macroprudential policies designed to address systemic risk in the financial sector. In…

…“Income” doesn’t include capital gains; it comprises all household income except capital gains. So capital gains are also absent from “Saving” — Income minus (Consumption) Expenditures. (This is why HouseholdSavings1…

…No, capitalism is not an ideology. What makes Jeff Bezos a capitalist is not his belief system but his ownership and deployment of capital. Capitalism is a system of institutions…

Many years ago, Goldman Sachs published research showing that, from about 1995 to 2004, more money had been taken out of S&P 500 companies in dividends and share buybacks than…

…was adopted as standard jargon in economics, there was “de-linking.” Jänicke et al. (1989) wrote: Structural change as an ongoing shift of labour, capital, and skills to more intelligent uses…

…estate tax, elimination of the capital gains preferential rate compared to ordinary income, elimination of the carried interest provision that allows private equity managers to be compensated with capital gains…