…of Bowie’s oeuvre had provided a level of patronage that’s inconceivable for a musician of Bowie’s bent today…he spent the Nineties as a free agent, jumping from label to label,…

…high cost of American health care. I begin by explaining the origin and meaning of the “single payer” label. I will then describe the two defects in S 1129 in…

…protects the public from food-borne illnesses. It issues nutritional advice and drug labeling guidelines. It polices false medical claims on packaging and in advertisements. It safeguards about one in every…

…explanation of what effective demand is, at least in this construct. (Note that throughout, here, “capital” means real capital, not “financial capital.” I’m talking about drill presses and such.) Effective…

…that a recession is forming. Capital income “feels” economic trouble ahead before labor. In graph #1 when we look at the plot since 1993, we see that capital income is…

…that G forms public capital which is neither a complement to nor a substitute for private capital. This is simple but strange (it requires that the public capital generates revenue…

…of Macro Financial Linkages in Emerging Markets that capital flows can exacerbate prevailing economic trends. Relatively large capital inflows to emerging markets (“surges”) tend to take the form of bank…

…capital — represents only the most tenuous long-term approximation of what our real capital is worth. Certainly true: the stock (total dollar value) of “financial capital” goes up (in fits,…

…(I offer a similar argument at the end of Competing for Capital.) A tax on capital allows high levels of trade to continue while directly addressing the problem of inequality….

…Smith’s “terminological inexactitude.” Smith’s concept of capital viewed the capital of a nation as merely an aggregate of individual capitals. The difference, Amery explained, was that an individual’s capital “is…