1. The marginal productivity theory, 630.--Complete analysis required, 632.--The impatience theory, 633.--Position here taken, 634.--2. Marginal productivity of waiting keeps interest rate up by ...
This paper focuses on Piketty’s explanation of the increased capital share of total income in major economies in recent decades presented in chapter 6 of his 2014 book. Piketty’s explanation is ...