IDEAS home Printed from https://ideas.repec.org/p/spo/wpmain/infohdl2441-4c4c4nnru58a4obbds13ednod9.html
   My bibliography  Save this paper

Capital, richesse et croissance de la recherche empirique aux éclairages theoriques

Author

Listed:
  • Jean-Luc Gaffard

    (Observatoire français des conjonctures économiques)

Abstract

Le livre de Thomas Piketty « Le Capital au XXIème siècle » est ambivalent. D’un côté, une lecture théorique trop simple, fondamentalement a-institutionnelle, retient un taux de croissance définitivement exogène et ignore l’hétérogénéité du capital, faisant de la répartition des revenus et des richesses une donnée technique sans influence en retour sur la croissance elle-même. D’un autre côté, les faits stylisés rassemblés et les intuitions qui y sont associées incitent réfléchir sur les tenants et aboutissants de la répartition des revenus et des patrimoines pour lui redonner une place centrale dans la théorie économique et lui restituer sa dimension sociale.

Suggested Citation

  • Jean-Luc Gaffard, 2014. "Capital, richesse et croissance de la recherche empirique aux éclairages theoriques," Sciences Po publications 2014-18, Sciences Po.
    • Handle: RePEc:spo:wpmain:info:hdl:2441/4c4c4nnru58a4obbds13ednod9
    as

    Download full text from publisher

    File URL: https://spire.sciencespo.fr/hdl:/2441/4c4c4nnru58a4obbds13ednod9/resources/wp2014-18.pdf
    Download Restriction: no
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. 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.
    2. Christopher D Carroll, 1997. "Why Do the Rich Save So Much?," Economics Working Paper Archive 388, The Johns Hopkins University,Department of Economics.
    3. 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.
    4. Robert M. Solow, 1956. "A Contribution to the Theory of Economic Growth," The Quarterly Journal of Economics, Oxford University Press, vol. 70(1), pages 65-94.
    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. 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.
    7. Joan Robinson, 1953. "The Production Function and the Theory of Capital," Review of Economic Studies, Oxford University Press, vol. 21(2), pages 81-106.
    8. 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.
    9. repec:hal:wpspec:info:hdl:2441/f6h8764enu2lskk9p4sq3h62k is not listed on IDEAS
    10. Kevin M. Murphy & Andrei Shleifer & Robert Vishny, 1989. "Income Distribution, Market Size, and Industrialization," The Quarterly Journal of Economics, Oxford University Press, vol. 104(3), pages 537-564.
    11. J. v. Neumann, 1945. "A Model of General Economic Equilibrium," Review of Economic Studies, Oxford University Press, vol. 13(1), pages 1-9.
    12. 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.
    13. repec:hal:spmain:info:hdl:2441/f6h8764enu2lskk9p4sq3h62k is not listed on IDEAS
    14. 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.
    15. Rosen, Sherwin, 1981. "The Economics of Superstars," American Economic Review, American Economic Association, vol. 71(5), pages 845-858, December.
    16. repec:hal:wpspec:info:hdl:2441/30nstiku669glbr66l6n7mc2oq is not listed on IDEAS
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Nicolas Brisset & Benoît Walraevens, 2021. "From Capital to Property: History and Justice in the Work of Thomas Piketty," GREDEG Working Papers 2021-28, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.

    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. repec:hal:spmain:info:hdl:2441/4eus3ho3fk813p8qcqfc1gaft2 is not listed on IDEAS
    2. repec:hal:spmain:info:hdl:2441/4c4c4nnru58a4obbds13ednod9 is not listed on IDEAS
    3. Jean-Luc Gaffard, 2014. "Le capital au XXIe siècle : un livre défi pour l'analyse," Post-Print hal-03460344, HAL.
    4. repec:hal:spmain:info:hdl:2441/1389brfhrt9onrhb74c6p9ggks is not listed on IDEAS
    5. Yashin, Pete, 2016. "Кризис И Рост Неравенства. Оптимальный Путь Экономического Роста [The crisis and increasing inequality. The best equilibrium growth path]," MPRA Paper 73544, University Library of Munich, Germany.
    6. Rishabh Kumar, 2015. "Wealth accumulation and aggregate demand stagnation in a two class economy with applications to the United States," Working Papers 1526, New School for Social Research, Department of Economics.
    7. Andreas Irmen & Amer Tabakovic, 2020. "Factor Income Distribution And Endogenous Economic Growth: Piketty Meets Romer," Economic Inquiry, Western Economic Association International, vol. 58(3), pages 1342-1361, July.
    8. Nadia Garbellini, 2018. "Inequality in the 21st Century:A Critical Analysis of Piketty`s Work," Working Papers Series 69, Institute for New Economic Thinking.
    9. Kevin Hjortshøj O'Rourke, 2015. "Economic Impossibilities For Our Grandchildren?," Oxford Economic and Social History Working Papers _139, University of Oxford, Department of Economics.
    10. Kevin Hjortshøj O'Rourke, 2015. "Economic Impossibilities for our Grandchildren?," NBER Working Papers 21807, National Bureau of Economic Research, Inc.
    11. Enea Baselgia & Reto Foellmi, 2022. "Inequality and growth: a review on a great open debate in economics," WIDER Working Paper Series wp-2022-5, World Institute for Development Economic Research (UNU-WIDER).
    12. Galanis, Giorgos & Veneziani, Roberto & Yoshihara, Naoki, 2019. "The dynamics of inequalities and unequal exchange of labor in intertemporal linear economies," Journal of Economic Dynamics and Control, Elsevier, vol. 100(C), pages 29-46.
    13. Andreas Irmen & Amer Tabakovic, 2016. "Factor Income Distribution and Endogenous Economic Growth - When Piketty meets Romer -," DEM Discussion Paper Series 16-18, Department of Economics at the University of Luxembourg.
    14. Baqaee, David Rezza & Farhi, Emmanuel, 2018. "The Microeconomic foundations of Aggregate Production Functions," CEPR Discussion Papers 13362, C.E.P.R. Discussion Papers.
    15. Filippo Gusella & Anna Maria Variato, 2021. "Financial Instability and Income Inequality: why the connection Minsky-Piketty matters for Macroeconomics," Working Papers - Economics wp2021_15.rdf, Universita' degli Studi di Firenze, Dipartimento di Scienze per l'Economia e l'Impresa.
    16. Kumar, Rishabh & Schoder, Christian & Radpour, Siavash, 2018. "Demand driven growth and capital distribution in a two class model with applications to the United States," Structural Change and Economic Dynamics, Elsevier, vol. 47(C), pages 1-8.
    17. Javier López-Bernardo & Félix López-Martínez & Engelbert Stockhammer, 2016. "A Post-Keynesian Response to Piketty's ‘Fundamental Contradiction of Capitalism’," Review of Political Economy, Taylor & Francis Journals, vol. 28(2), pages 190-204, April.
    18. Joan R. Rovira, 2015. "Piketty on Growth and Distribution," Hacienda Pública Española / Review of Public Economics, IEF, vol. 214(3), pages 91-114, September.
    19. Riccardo De Bonis, 2016. "What Piketty said in Capital in the Twenty-first Century and how economists reacted," Mo.Fi.R. Working Papers 130, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences.
    20. Per Krusell & Anthony A. Smith Jr., 2015. "Is Piketty's "Second Law of Capitalism" Fundamental?," Journal of Political Economy, University of Chicago Press, vol. 123(4), pages 725-748.
    21. Grossmann, Volker, 2008. "Risky human capital investment, income distribution, and macroeconomic dynamics," Journal of Macroeconomics, Elsevier, vol. 30(1), pages 19-42, March.
    22. Vos, Rob & Frenkel, Roberto & Ocampo, José Antonio & Palma, José Gabriel & Marfán, Manuel & Ros, Jaime & Taylor, Lance & Correa, Nelson & Cimoli, Mario, 2011. "Beyond Reforms: Structural Dynamics and Macroeconomic Vulnerability," IDB Publications (Books), Inter-American Development Bank, number 347, October.
    23. Bozio, Antoine & Garbinti, Bertrand & Goupille-Lebret, Jonathan & Guillot, Malka & Piketty, Thomas, 2020. "Predistribution vs. Redistribution: Evidence from France and the U.S," CEPR Discussion Papers 15415, C.E.P.R. Discussion Papers.

    More about this item

    Keywords

    capital; distribution ; growth; rent; wealth;
    All these keywords.

    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

    NEP fields

    This paper has been announced in the following NEP Reports:

    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:spo:wpmain:info:hdl:2441/4c4c4nnru58a4obbds13ednod9. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: . General contact details of provider: https://edirc.repec.org/data/ecspofr.html .

    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: Spire @ Sciences Po Library (email available below). General contact details of provider: https://edirc.repec.org/data/ecspofr.html .

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

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.