A Note On Piketty’s Logic
Eastern Economic Journal
I derive a simple model that allows us to see some hidden assumptions behind Thomas Piketty’s predictions of increasing inequality in his widely selling book Capital in the 21st Century. Although his proposition about the increasing share of capital income in the national income has not held true in the last six decades, I briefly explore whether his prediction (and past trends) will continue in the future.
D33, D31, O40, capital share, economic growth
Frederic L. Pryor.
"A Note On Piketty’s Logic".
Eastern Economic Journal.
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