Capital Structure: The complex web of relations of complementarity and substitutability between heterogeneous physical and human capital in an economy. This is best contrasted with…
Capital Stock: a blob of homogeneous capital, often called K. This can be instantaneously increased or decreased and is not subject to path dependence. The problem of measuring K led to the Cambridge capital debates.
Kaleidic Society: A world in which there is no systematic tendency toward equilibrium. This may be a result of constant and unpredictable change or it could result from an inability to coordinate expectations. Because of such change, people are unable to predict the outcome of their actions, so they often experience ex post error.
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