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They are also less likely to suffer from what academics call "capital allocation socialism".
About 6% of German exports go to China, especially what economists call "capital" goods such as heavy machinery.
We shouldn't really call capital controls protectionism (if we keep that as a loaded word for bad policy) if capital controls are done to prevent bubbles.
The process of creating businesses and investing – what economists like to call capital formation – is much more dynamic than allowed for in many economic models.
Over time, the purchase and installations of all this new equipment, which economists call "capital deepening," will make workers more productive, and, as a result, raise their wages substantially.
Then Buchanan divides this number into gross profit to arrive at a turnover-like number that we'll call "capital efficiency".
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"It's called capital punishment for a reason".
Banks are required to protect themselves against losses by having a financial buffer called capital.
Introducing a section called "Wedge Issues," Hertzberg calls capital punishment "an easy call".
It has to do with a very important word called "capital".
Tom Chivers, an editor at The Daily Telegraph in Britain, called capital punishment a "barbaric hangover from an Old Testament morality".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com