wealth - the difference between firm's wealth (equity and debt) and capital employed. Surplus wealth rose from -$0 …. Using the model we prove that rising monopoly power lowers permanently equilibrium wage rate, investment, capital stock …

We develop a model in which public capital is both an engine of growth and a determinant of the distributions of wealth …

discoveries-increases the difference with the rate of return to capital r. The capital-income ratio rises, and if the elasticity … explanation, which does not presuppose full employment, the key tension is between profit-driven capital accumulation and wage … heterodox macro literature. Labor-crushing institutional or technological shocks initially foster capital accumulation -which is …

We incorporate the division of income between capital and labor into analysis on the relationship between inequality … subsequent growth of per capita GDP when the capital share of income is low, whereas under high capital share, the association is … distribution of income translate into the accumulation of capital and overall economic activity through the interplay between …

productivity; (ii) a fall in the labor share, (iii) an increase in the capital income ratio, and (iv) an increase in the wealth …, differential savings delivers a direct relationship between the capitalist share of wealth and the capital-income ratio independent … of the elasticity of substitution between capital and labor. Finally, we argue that these tendencies are not inevitable …

the economic performance of natives and of capital in the host country through complementarities. The chapter suggests …

The openness to international trade and capital movements of industrialized countries has increased substantially …. Overall, the empirical findings do not indicate that international trade and capital mobility raise income differences in …