When r > g, wealth held by the rich grows faster than the total income of workers.
For Piketty, r is the rate of return on all investments, and g comes structural factors connected to demographics and technology (rather than government policy).
This is also an interesting supplement (link to American Economic Review: Papers & Proceedings 2015):
http://piketty.pse.ens.fr/files/Piketty2015AER.pdf
Cheers!
Roman ALAN /
npub108…ef5zx
2024-09-03 22:24:13
in reply to nevent1q…gs5u
Author Public Key
npub108easxa00qmm2s4x9vx93xxh59q55034vr3ghutlryq0cekrntsslef5zxPublished at
2024-09-03 22:24:13Event JSON
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