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Capital, richesse et croissance: de la recherche empirique aux éclairages théoriques

Author

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  • Jean-Luc Gaffard

    (OFCE Sciences Po
    University of Nice Sophia Antipolis, France
    Skema Business School)

Abstract

The book of Thomas Piketty "Capital in the XXI Century" is ambivalent. On one hand, too simple theoretical reading, basically a-institutional, considers the growth rate as exogenous, and ignores the heterogeneity of capital, making the distribution of income and wealth a technical data without reverse influence on growth itself. On the other hand, the gathered stylized facts, and insights associated incite to the reflection on the ins and outs of the distribution of income and wealth in the perspective of giving it a central place in economic theory and to restore its social dimension.

Suggested Citation

  • Jean-Luc Gaffard, 2014. "Capital, richesse et croissance: de la recherche empirique aux éclairages théoriques," GREDEG Working Papers 2014-28, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.
    • Handle: RePEc:gre:wpaper:2014-28
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    References listed on IDEAS

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    1. Thomas Piketty & Gabriel Zucman, 2014. "Capital is Back: Wealth-Income Ratios in Rich Countries 1700–2010," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 129(3), pages 1255-1310.
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    7. Mario Amendola & Jean Luc Gaffard & Fabricio Patriarca, 2013. "Inequality,debt and taxation:the perverse relation between the productive and the non-productive assets of the economy," Documents de Travail de l'OFCE 2013-21, Observatoire Francais des Conjonctures Economiques (OFCE).
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    Cited by:

    1. Nicolas Brisset & Benoît Walraevens, 2021. "From Capital to Property: History and Justice in the Work of Thomas Piketty," GREDEG Working Papers 2021-28, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.

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    More about this item

    Keywords

    capital; distribution; growth; rent; wealth;
    All these keywords.

    JEL classification:

    • D30 - Microeconomics - - Distribution - - - General
    • H20 - Public Economics - - Taxation, Subsidies, and Revenue - - - General
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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