Economics of Inequality (Master PPD & APE, Paris School of Economics) Thomas Piketty Academic year 2014-2015. Lecture 2: The dynamics of capital/income ratios: private vs public capital (Tuesday Sept ember 30 th 2014) (check on line for updated versions).
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Lecture 2: The dynamics of capital/income ratios: private vs public capital
(Tuesday September 30th 2014)
(check on line for updated versions)
(2) Radical change in the nature of wealth (agricultural land has been graduallyreplaced by housing, business and financial capital), but total value of wealthdid not change much in the very long run