Thomas Piketty’s seminal work “Capital in the 21st Century” empirically establishes a macroeconomic premise driving inequality: that the rate of return on capital (r) tends to be significantly higher than
Piketty and the middle income trap
That's the rich country inequality problem. But emerging and developing economies such as India are, by definition, not at steady state
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First Published: Aug 9 2018 | 11:49 PM IST
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