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Julio Huato

Julio

My personal Substack

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Issues14Founded4 years agoLast Issue3 months ago
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Latest Issues

Labor Power as Value Source and the Form of Capitalist Wealth

Standard models of “capital-biased” technical change (CBTC) focus on how technological progress shifts income from labor to the owners of “capital goods,” exacerbating inequality. Typically, the particular pattern of AI development in the c...

3 months ago
1

“Capital-Biased” Technical Change: It’s the Social Structure, Buddy!

Carlos Galindo and I just drafted a paper on “capital-biased” technical change (CBTC) and its effects in a capitalist and, by contrast, a communist society.

https://www.overleaf.com/read/nsjvvpvwpwgg#4cde0d

The key question is: What happe...

3 months ago

The Global Organic Composition of Capital 1970-2023

The Penn World Table (PWT) (v. 11.0, as curated by the Groningen Growth and Development Centre at the University of Groningen and the University of California, Davis) provides estimates of constant capital stocks (via perpetual inventory me...

6 months ago
3

Brace for Impact 2

This is a follow-up. The first part is here.

After splitting the Middle East region into:

  • IRAN and

  • ROME (Rest of the Middle East),

the West region into:

  • WEST PROPER and

  • SOUTH EAST WESTERN ALLIES (Japan, Taiwan, S...

6 months ago

Brace for Impact

To gain my own quantitative sense of the consequences of the US-Israeli assault on Iran, I worked on three basic models of the global economy. I proceeded under the heroic assumption that the war’s immediate military consequences — physical...

6 months ago

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