Tag Archives: Thomas Piketty

Pareto and Piketty: The Macroeconomics of Top Income and Wealth Inequality

From Chad Jones: Since the early 2000s, research by Thomas Piketty, Emmanuel Saez, and their coathors has revolutionized our understanding of income and wealth inequality. In this paper, I highlight some of the key empirical facts from this research and … Continue reading

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The Macroeconomics of Piketty

From Chad Jones: Since the early 2000s, research by Thomas Piketty, Emmanuel Saez, and their coathors has revolutionized our understanding of income and wealth in- equality. In this paper, I highlight some of the key empirical facts from this re- … Continue reading

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Piketty Roundtable

HT: Paul Krugman

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Weekend Links: Understanding Piketty, Falling Interest Rates, Secular Stagnation, etc

Brad Delong has a great post that provides an analytical framework for understanding the historical narrative in Piketty’s new book. Barry Eichengreen has a nice piece on declining interest rates Larry Summers gave a talk at INET (starts at 45 … Continue reading

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Krugman on Piketty

Krugman has an insightful post on Piketty’s recent book. I find this easiest to think of in terms of a numerical example. Let’s assume that s = .09 and initially n = .03. Then the capital-output ratio is 3; if … Continue reading

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Weekend reading

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Wealth Inequality since 1810

Via Emmanuel Saez’s lecture notes on capital income taxation  

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Weekend Readings

1. Taxation and Saving – A Retrospective from Alan Auerbach 2. All men are created unequal – the economist on Piketty’s new book 3. Dealing with the Financial Crisis and the Recession from Brad Delong 4. The return of “patrimonial capitalism”: review of … Continue reading

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Rethinking capital and wealth taxation

From Thomas Piketty and Emmanuel Saez: This paper reviews recent developments in the theory of optimal capital taxation. We emphasize three main rationales for capital taxation. First, the frontier between capital and labor income flows is often fuzzy, thereby lending … Continue reading

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Capital is Back: Wealth Ratios over Several Centuries

A nice post by Carola Binder on this paper is here.

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