Please use this identifier to cite or link to this item: https://hdl.handle.net/10356/87329
Title: Separating efficiency and equality, automation, and piketty's theory of increasing capital share
Authors: Ng, Yew-Kwang
Keywords: DRNTU::Social sciences::Economic development
Equality
Capital
Issue Date: 2016
Source: Ng, Y. K. (2016). Separating efficiency and equality, automation, and piketty's theory of increasing capital share. Contemporary Economic Policy, 34(3), 396-398. doi:10.1111/coep.12182
Series/Report no.: Contemporary Economic Policy
Abstract: Despite disincentive effects, it is more efficient to tackle inequality by general equality promotion policies, including tax/transfers, than by trying to pursue equality in specific issues or policies. The latter policy also has the same degree of disincentive effects as the general policy but has additional distortive effects. While Piketty' concern with inequality is well taken and his proposal to reduce inequality has merits, his argument on the inevitability of increasing capital share under capitalism and the condition of rate of returns to capital being larger than the rate of growth in incomes (r > g) is not correct. (JEL D3, D6, H).
URI: https://hdl.handle.net/10356/87329
http://hdl.handle.net/10220/48209
ISSN: 1074-3529
DOI: http://dx.doi.org/10.1111/coep.12182
Rights: © 2016 Western Economic Association International
Fulltext Permission: none
Fulltext Availability: No Fulltext
Appears in Collections:SSS Journal Articles

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