4 ms·
Well said. Another way of looking at it: in the long term return on investment (r) > economic growth (g) because “everyone” gets g but people with capital also
by xnyan 6y ago
Well said. Another way of looking at it: in the long term return on investment (r) > economic growth (g) because “everyone” gets g but people with capital also get r.
- ethbr0 6y agoIndeed, and credit where credit is due: https://en.m.wikipedia.org/wiki/Capital_in_the_Twenty-First_Century https://en.m.wikipedia.org/wiki/Capital_in_the_Twenty-First_... I don't ascribe to everything, but it's a thought provoking perspective.
- thoughtstheseus 6y agoPiketty has many of his class materials on his personal website as well.