Friday, October 30, 2015

Brad DeLong — Must-Read: Marshall Steinbaum: The Unseen Threat of Capital Mobility


The race to the bottom. Unseen. It's blindingly obvious. Capital flows to where it can extract the maximum rent. Negative externality is a form of rent that involves socializing the expenses.

WCEG — The Equitablog
Must-Read: Marshall Steinbaum: The Unseen Threat of Capital Mobility
Brad DeLong
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