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Thomas Piketty's Capital in the Twenty-First Century is the most widely discussed work of economics in recent history … reasons for Capital's phenomenal success, followed by the published reviews of Nobel laureates Robert Solow and Paul Krugman … contributors ask whether Piketty said enough about power, slavery, and the complex nature of capital. Laura Tyson and Michael …
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, then a small elite will own all wealth if capitalism is left to its own devices. We formulate and calibrate a Post …If Piketty's main theoretical prediction (r>g leads to rising wealth inequality) is taken to its radical conclusion …-Keynesian model with an endogenous distribution of wealth between workers and capitalists which permits such a corner solution of all …
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, then a small elite will own all wealth if capitalism is left to its own devices. We formulate and calibrate a Post …If Piketty's main theoretical prediction (r>g leads to rising wealth inequality) is taken to its radical conclusion …-Keynesian model with an endogenous distribution of wealth between workers and capitalists which permits such a corner solution of all …
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