Jonathan Nitzan - Shimshon Bichler


Palan on Piketty

Economics and Finance

The authors of ‘Capital as Power’ comment on Ronen Palan’s article ‘Capitalising the Future’ (previously posted in August of this year), finding much to disagree with regarding his interpretation of Thomas Picketty’s theory that when the return on capital far exceeds the rate of growth of the economy it leads to the concentration of capital in fewer and fewer hands.