Row 682

Row ID: 682 | Dataset Entry | Axioma AXP Content Repository

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Capital output ratio and inequality are equivalent in this case, because they reflect the division of output between labour ('the masses') and capital (owned by a rich 'elite'). This is how Piketty relates capital output ratios to inequality.

I ***never*** said his model is bad (it is, but that's a story for another day). I argued the representation K/Y = s'/(g+s'δ) is preferable to K/(Y-δK) = s'/g - these are two different representations of the same equation.

FieldValue
text Capital output ratio and inequality are equivalent in this case, because they reflect the division of output between labour ('the masses') and capital (owned by a rich 'elite'). This is how Piketty relates capital output ratios to inequality. I ***never*** said his model is bad (it is, but that's a story for another day). I argued the representation K/Y = s'/(g+s'δ) is preferable to K/(Y-δK) = s'/g - these are two different representations of the same equation.
label r/econpapers
dataType comment
communityName r/EconPapers
datetime 2021-07-30
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Raw Record

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  "text": "Capital output ratio and inequality are equivalent in this case, because they reflect the division of output between labour ('the masses') and capital (owned by a rich 'elite'). This is how Piketty relates capital output ratios to inequality.\n\nI ***never*** said his model is bad (it is, but that's a story for another day). I argued the representation K/Y = s'/(g+s'δ) is preferable to K/(Y-δK) = s'/g - these are two different representations of the same equation.",
  "label": "r/econpapers",
  "dataType": "comment",
  "communityName": "r/EconPapers",
  "datetime": "2021-07-30",
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