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 …

utility function whose arguments are consumption and investment. They desire to accumulate wealth for its own sake - this is …We calibrate a sequence of four nested models to study the dynamics of wealth accumulation. Individuals maximize a … not a life-cycle model. A competitive firm produces a single good from labor and capital; the rate of return to capital …