IDEAS home Printed from https://ideas.repec.org/a/mes/postke/v37y2015i4p533-544.html
   My bibliography  Save this article

Piketty’s paradox: a comparison to the Keynesian paradox of thrift

Author

Listed:
  • Alan Day Haight

Abstract

In Piketty’s model, a fall in the growth rate causes a higher share to be saved and invested. This paradox of growth is interpreted as a dynamic version of Keynes’s paradox of saving. The familiar graph of the Keynesian paradox is modified—simply by changing the labels on the curves and axes— to illustrate both the weak and strong forms of Piketty’s paradox. Side-by-side comparisons focus on the similarities of the Pikettian equations to their somewhat Keynesian antecedents.

Suggested Citation

  • Alan Day Haight, 2015. "Piketty’s paradox: a comparison to the Keynesian paradox of thrift," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 37(4), pages 533-544, May.
    • Handle: RePEc:mes:postke:v:37:y:2015:i:4:p:533-544
    DOI: 10.1080/01603477.2015.1049924
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/01603477.2015.1049924
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/01603477.2015.1049924?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Michael Potter, 2014. "Capital in the Twenty-First Century: A Critique of Thomas Piketty's Political Economy," Agenda - A Journal of Policy Analysis and Reform, Australian National University, College of Business and Economics, School of Economics, vol. 21(1), pages 91-116.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Andrés Álvarez & Camilo Gómez & Hernando Zuleta, 2019. "Bequests, Imperfections in Factor Markets, and Long-Run Inequality: A Theoretical Assessment of Piketty," Documentos CEDE 17674, Universidad de los Andes, Facultad de Economía, CEDE.
    2. Bronwyn McCredie & Kerrie Sadiq & Larelle Chapple, 2019. "Navigating the fourth industrial revolution: Taxing automation for fiscal sustainability," Australian Journal of Management, Australian School of Business, vol. 44(4), pages 648-664, November.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:mes:postke:v:37:y:2015:i:4:p:533-544. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/MPKE20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.