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In 1971 Robert Baldwin showed that U.S. imports were 27% more capital-intensive than U.S. exports in the 1962 trade data, using a measure similar to Leontief's. [2] [3]In 1980 Edward Leamer questioned Leontief's original methodology for comparing factor contents of an equal dollar value of imports and exports (i.e. on real exchange rate grounds).
Capital at the time was mainly composed of structures and inventories, not machinery. A prominent critic of the Habakkuk thesis, economic historian Peter Temin argues against two main assumptions: that land is used only for agriculture and secondly that only manufacturing and the relative price of agricultural manufactured goods are fixed.
As phone lines became more popular—between 1942 and 1962, the number of phones in the U.S. grew 230% to 76 million—telephone companies realized they would run out of phone numbers.
Out of preceding characteristics of the capitalist mode of production, the basic class structure of this mode of production society emerges: a class of owners and managers of private capital assets in industries and on the land, a class of wage and salary earners, a permanent reserve army of labour consisting of unemployed people and various ...
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Fussell argues that social class in the United States is more complex in structure than simply three (upper, middle, and lower) classes.According to Bruce Weber, writing for the New York Times, Fussell divided American society into nine strata — from the idle rich, which he called "the top out-of-sight," to the institutionalized and imprisoned, which he labeled "the bottom out-of-sight."
Trump promises to bring capital to the nation’s capital in a way Washington has never seen. Opinion - The business of America is business: Trump is bringing capital back to the nation’s ...
The Americas Society, together with Council of the Americas, produces the publication Americas Quarterly, a policy journal for the Western Hemisphere. The Americas Society also published Review: Literature and Arts of the Americas founded in 1968. Review is an English-language journal for literature from Latin America, the Caribbean, and Canada.