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Is Piketty’s “Second Law of Capitalism” Fundamental? Per Krusell Institute for International Economic Studies, CEPR, and NBER Tony Smith Yale University and NBER
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Document Date: 2014-06-11 12:07:05

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United States / /

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Per Krusell Institute / NBER Tony Smith Yale University / /

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rst law / technology accumulation / production technology / marginal product / fundamental law / /

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CEPR / Krusell Institute for International Economic Studies / Yale University / NBER / /

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Assuming / Piketty defines / /

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model / the textbook Solow model / model / textbook model / Piketty’s model / /

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6 When / /

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production technology / /

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