Capital in the Twenty-First CenturyHarvard University Press, 14 ago 2017 - 816 pagine A New York Times #1 Bestseller |
Dall'interno del libro
... capital” may be remuneration for “entrepreneurial” labor, and this should no ... capital and labor? Can we be sure that an economy based on the “free market ... share in the first half of the century, followed by a slight decrease and ...
... capital's share of income to historically low levels in the 1950s. Very soon, however, capital began to reconstitute itself. The growth of capital's share accelerated with the victories of Margaret Thatcher in England in 1979 and Ronald ...
... capital/income ratio (that is, the ratio of the total stock of capital to the annual flow of income) rather than focus exclusively on the capital-labor split (that is, the share of income going to capital and labor, respectively). In ...
... capital stock to the flow of income from capital. The capital/income ratio β is related in a simple way to the share of income from capital in national income, denoted α. The formula is α = r × β where r is the rate of return on capital ...
... capital is 5 percent per year, then capital's share in national income is 30 percent. The formula α = r × β is a pure accounting identity. It can be applied to all societies in all periods of history, by definition. Though tautological ...
Sommario
1 | |
47 | |
The Dynamics of the CapitalIncome Ratio | 139 |
The Structure of Inequality | 295 |
Regulating Capital in the TwentyFirst Century | 595 |
Contents in Detail | 755 |
List of Tables and Illustrations | 765 |
Index | 771 |