New thoughts on capital in the twenty-first century
Level: advanced
Thomas Piketty |
TED Talks,
2014
The economist Thomas Piketty presents a central argument of his book Capital in the Twenty-First century: if the rate of return to capital generally exceeds an economy's growth rate, this leads to a higher concentration of wealth in the long run. He furthermore shows with historical data how wealth and income inequality increased within the past decades.
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