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Thomas Piketty is Wrong

Thomas Piketty is Wrong

Paperback

Economics

ISBN10: 1519662572
ISBN13: 9781519662576
Publisher: Createspace
Published: Dec 14 2015
Pages: 62
Weight: 0.37
Height: 0.13 Width: 8.50 Depth: 11.02
Language: English
Using empirical estimates of the long-runelasticity of substitution between capitaland labor, and analyzing the relationshipbetween the net savings rate and the realgrowth rate of the economy, it is shownthat Piketty's economic forecast for the second halfof the twenty-first century is inadequate.Then, alternative and improved forecasts are proposed.

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Economics