Capital is not back: A comment on Thomas Piketty’s ‘Capital in the 21st Century’ by Odran Bonnet, Pierre-Henri Bono, Guillaume C. Chapelle and Étienne Wasmer published by VOXEU, indicated by Arthur Garbayo (6/2014). “Thomas Piketty´s claim that the ratio of capital to national income is approaching 19th-century levels has fuelled the debate over inequality. This column argues that Piketty’s claim rests on the recent inclease in the price of housing…”
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