Monday, April 14, 2014

Brad DeLong has notes and exercises on Piketty

One problem in the equation r>g is that we do not know what fraction is spent and how much is reinvested again. Brad Delong has a discussion on this using four variables, four parameters and standard models. I do not understand this but such discussions are expected from experts. May be Paul Krugman will clarify at some stage.

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