Is Piketty’s “Second Law of Capitalism” Fundamental?

Per Krusell; Anthony A. Smith

doi:10.1086/682574

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Journal of Political Economy Vol. 123 No. 4 2015

Is Piketty’s “Second Law of Capitalism” Fundamental?

Per Krusell^1,2; Anthony A. Smith^1,3

¹ National Bureau of Economic Research · ² Centre for Economic Policy Research · ³ Yale University

Abstract

Thomas Piketty’s recent book Capital in the Twenty-First Century is a timely and important contribution that turns our attention to striking long-run trends in economic inequality. A large part of the book is thus a documentation of historical data, going further back in time, and focusing more on the very richest in society, than have most existing economic

DOI: 10.1086/682574
Volume: 123
Issue: 4
Pages: 725-748
Language: en
Sources: bibtex:phds-export.bib openalex crossref

Is Piketty’s “Second Law of Capitalism” Fundamental?

Abstract

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