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Capital, richesse et croissance: de la recherche empirique aux éclairages théoriques

Author

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  • Jean-Luc Gaffard

    (OFCE Sciences Po
    University of Nice Sophia Antipolis, France
    Skema Business School)

Abstract

The book of Thomas Piketty "Capital in the XXI Century" is ambivalent. On one hand, too simple theoretical reading, basically a-institutional, considers the growth rate as exogenous, and ignores the heterogeneity of capital, making the distribution of income and wealth a technical data without reverse influence on growth itself. On the other hand, the gathered stylized facts, and insights associated incite to the reflection on the ins and outs of the distribution of income and wealth in the perspective of giving it a central place in economic theory and to restore its social dimension.

Suggested Citation

  • Jean-Luc Gaffard, 2014. "Capital, richesse et croissance: de la recherche empirique aux éclairages théoriques," GREDEG Working Papers 2014-28, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), University of Nice Sophia Antipolis.
  • Handle: RePEc:gre:wpaper:2014-28
    as

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    File URL: http://www.gredeg.cnrs.fr/working-papers/GREDEG-WP-2014-28.pdf
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    References listed on IDEAS

    as
    1. Keynes, John Maynard, 1919. "The Economic Consequences of the Peace," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, number keynes1919.
    2. Mario Amendola & Jean-Luc Gaffard & Fabricio Patriarca, 2013. "Inequality debt and taxation the perverse relation between the productive and the non productive assets of the economy," Sciences Po publications 2013-21, Sciences Po.
    3. repec:spo:wpecon:info:hdl:2441/f6h8764enu2lskk9p4sq3h62k is not listed on IDEAS
    4. Gaël Giraud, 2013. "Compte rendu de "Le capital au XXIe siècle" de Thomas PIketty," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-01071151, HAL.
    5. Thomas Piketty & Gabriel Zucman, 2014. "Capital is Back: Wealth-Income Ratios in Rich Countries 1700–2010," The Quarterly Journal of Economics, Oxford University Press, vol. 129(3), pages 1255-1310.
    6. J. v. Neumann, 1945. "A Model of General Economic Equilibrium," Review of Economic Studies, Oxford University Press, vol. 13(1), pages 1-9.
    7. Stefan Homburg, 2015. "Critical remarks on Piketty's Capital in the Twenty-first Century," Applied Economics, Taylor & Francis Journals, vol. 47(14), pages 1401-1406, March.
    8. Odran Bonnet & Pierre-Henri Bono & Guillaume Chapelle & Etienne Wasmer, 2014. "Does housing capital contribute to inequality? A comment on Thomas Piketty’s Capital in the 21st Century," Sciences Po Economics Discussion Papers 2014-07, Sciences Po Departement of Economics.
    9. Robert J. Gordon, 2014. "The Demise of U.S. Economic Growth: Restatement, Rebuttal, and Reflections," NBER Working Papers 19895, National Bureau of Economic Research, Inc.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    capital; distribution; growth; rent; wealth;

    JEL classification:

    • D30 - Microeconomics - - Distribution - - - General
    • H20 - Public Economics - - Taxation, Subsidies, and Revenue - - - General
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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