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Large and sustained differences in marginal products of capital (MPKs) across countries are sharply at odds with the … substantially affected by adjustment costs in the accumulation of capital. With the proper technology and a plausible … parameterization of adjustment costs, the MPK in poor countries is much higher than the MPK in rich countries. Why capital flows do not …
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Introduction -- The increasing financialisation of everything? -- Financialisation: how and why is it happening? -- The relationship between the virtual and the material -- Frontiers of accumulation and ecology -- Illicit financial flows and exemptions from sovereignty -- The financialisation of...
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