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Challenging the empirical contribution of Thomas Piketty’s Capital in the twenty-first century

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Natural capital and wealth in the 21st century

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Interest, debt and capital accumulation - a Kaleckian approach ; paper presented at the conference "Understanding Economic Growth: New Directions in Theory and Policy", Downing Col...

Hein, Eckhard - 2005

the equilibrium debt-capital-ratio are also analysed. It is shown, that the effects of interest variations on the … interest rate and the debt-capital-ratio. If the conditions for short-run "normal" effects of interest rate variations are … given, the economy will be characterised by a long-run unstable debt-capital-ratio and by the macroeconomic "paradox of debt …