west Germany. Excessively high wages coupled with investment incentives that made the cost of capital negative rank high …A political miracle occurred when Germany was reunited, and at first glance an economic miracle has followed. Real … incomes in the east have now reached the western level, and investment per capita has been much higher than in the w est …

west Germany. Excessively high wages coupled with investment incentives that made the cost of capital negative rank high …A political miracle occurred when Germany was reunited, and at first glance an economic miracle has followed. Real … incomes in the east have now reached the western level, and investment per capita has been much higher than in the west …

only 59% of west Germany. Excessively high wages coupled with investment incentives that made the cost of capital negative …A political miracle occurred when Germany was reunited, and at first glance an economic miracle has followed. Real … incomes in the eastern area have now reached the western level, and investment per capita has been much higher than in the …

west Germany. Excessively high wages coupled with investment incentives that made the cost of capital negative rank high …A political miracle occurred when Germany was reunited, and at first glance an economic miracle has followed. Real … incomes in the east have now reached the western level, and investment per capita has been much higher than in the west …

west Germany. Excessively high wages coupled with investment incentives that made the cost of capital negative rank high …A political miracle occurred when Germany was reunited, and at first glance an economic miracle has followed. Real … incomes in the east have now reached the western level, and investment per capita has been much higher than in the west …

and Schumpeter's theory of creative destruction. His law of the tendency of the rate of profit to fall parallels Alvin … exhaustion of investment possibilities, but from an overly loose central bank monetary policy that keeps zombie banks and their …