A Note On Piketty’s Logic

Frederic L Pryor ()
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Frederic L Pryor: Department of Economics, Swarthmore College

Eastern Economic Journal, 2016, vol. 42, issue 4, No 10, 663-665

Abstract: Abstract I derive a simple model that allows us to see some hidden assumptions behind Thomas Piketty’s predictions of increasing inequality in his widely selling book Capital in the 21st Century. Although his proposition about the increasing share of capital income in the national income has not held true in the last six decades, I briefly explore whether his prediction (and past trends) will continue in the future.

Keywords: capital share; economic growth; D33; D31; O40 (search for similar items in EconPapers)
Date: 2016
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DOI: 10.1057/eej.2015.21

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