3 ms·
I love Piketty for bringing the data, but it's clear that r incorrectly lumps together land and capital. R can be decomposed into returns to land (rent) and ret
by sooheon 3y ago
I love Piketty for bringing the data, but it's clear that r incorrectly lumps together land and capital. R can be decomposed into returns to land (rent) and returns to capital, and the former is much more pernicious.
https://equitablegrowth.org/land-rather-than-capital-the-long-run-oppressor-of-the-workers/ https://equitablegrowth.org/land-rather-than-capital-the-lon...