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Saturday, May 31, 2014

Matthew Martin — Piketty and immiseration of the capitalists

Hopefully, this [simple model] illustrates some of the theory behind Piketty's r>g proposition and its implications, and also convinces you that this is an empirical question ("Is r>g?") not a political one ("Should we care if almost everyone starves to death?").
Separating Hyperplanes — A blog between the spheres of Economic Theory and Policy Analysis
Piketty and immiseration of the capitalists
Matthew Marti

See also, Economic mobility is irrelevant.

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