About this Site
When a paper contradicts something you have accepted for twenty years, do not assume the paper is wrong. Do not assume it is right either. Go to the definition and check it.
Introduction
Can Capital Be Disinterested?
Most of what Africa attracts is disinterested capital: a capital relationship in which the provider can collect the return it seeks without the receiving economy becoming more productive.
Welcome to Capital Composition
Each paper takes one question about capital and tests it against evidence: which institutions teach capital to behave, which let it avoid the lesson, and what a government can do about either.