Piketty’s r > g Explained by Changes in the Average Productivity of CapitalReport as inadecuate




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This article studies the ratio of the rates ofprofit and growth, in a growing economy, as a function of the averageproductivity of capital. It is shown that, if the savings rate and growth rate.

KEYWORDS

Average Productivity of Capital, Growth and Profit Rates, Income Inequality, Piketty, Sraffa

Cite this paper

Benítez Sánchez, A. 2016 Piketty’s r > g Explained by Changes in the Average Productivity of Capital. Theoretical Economics Letters, 6, 1034-1059. doi: 10.4236-tel.2016.65102.





Author: Alberto Benítez Sánchez

Source: http://www.scirp.org/



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