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This seems to contradict r > g . Inequality results in investment, which shifts wealth from the g part of the economy to the r part, due to a lower propensity t
by yummyfajitas 13y ago
This seems to contradict r > g . Inequality results in investment, which shifts wealth from the g part of the economy to the r part, due to a lower propensity to consume among the wealthy.
Or are there second order effects that the reviews (I haven't read the book) don't discuss?