…if you’d rather focus purely on physical goods (which is what the trade balance actually measures, anyway), then you have to add up all the production of physical goods by…

…that people are looking at price hikes in frequently purchased goods (think gas) and concluding that all prices are rising. This is simply not true. Many goods are falling quite…

…will be incredibly misled. Look at Cd for consumption. It applies to domestically produced goods and services only. But now realize that when you see the variable C in the…

…effective labor share) * real GDP/value of capital goods This equation is simply based on the equation for capital share of income… Capital share = profit rate * capital goods/real…

…“Where are the jobs?” How about a hefty tax on capital gains? Higher corporate taxes? If American companies want to make their goods cheaply elsewhere and send them for us…

…output is estimated by spending on final goods and services in the market. But that doesn’t work for government goods, because they aren’t sold in the market. So they’re estimated…

…power plant are receiving income, spending that income on consumer goods, and not producing any consumer goods in exchange. So every time you increase the ratio of investment expenditures to…

…a minimum efficient scale for the production of intermediate goods. Gross output in the growing sector is (sum i = 1 to N of x_i^alpha)L1^(1-alpha) where x_i is the amount…

…exports in exchange for imports of industrial goods. Import substitution, i.e., the domestic production of manufactured goods, was proposed in the 1950s as a means to counteract the disadvantageous terms…

…vetted before publication. 1. He cites a graphic from the Peterson Institute for International Economics that claims that Trump’s tariffs on Chinese goods have risen to 21.5% this month from…