What understanding of capital for tomorrow?
Gaël Giraud
Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) from HAL
Abstract:
This paper discusses the thesis put forward by Piketty (2014a) stressing the risk of an explosion of wealth inequality because capital accumulates faster than labor income in several countries, especially in the U.US. Although the overall empirical conclusion on the rise of inequalities is indisputable, I point out that the economic modeling underlying this approach exhibits several important shortcomings. Moreover, there are more effective policy recommendations to fight against inequality than the one highlighted in the book —namely, a world-wide global tax on capital.
Keywords: capitalism; inequality; capital tax; capital; capitalisme; inégalité; Kaldor; Solow; taxe sur le capital (search for similar items in EconPapers)
Date: 2014-12
New Economics Papers: this item is included in nep-hpe
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-01151593v1
References: View references in EconPapers View complete reference list from CitEc
Citations:
Published in 2014
Downloads: (external link)
https://shs.hal.science/halshs-01151593v1/document (application/pdf)
Related works:
Working Paper: What understanding of capital for tomorrow? (2014)
Working Paper: What understanding of capital for tomorrow? (2014)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:hal:cesptp:halshs-01151593
Access Statistics for this paper
More papers in Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) from HAL
Bibliographic data for series maintained by CCSD (hal@ccsd.cnrs.fr).