Thomas picketty and capital in the 21st century

I finally read his book, and was impressed by his study of the effect of capital growth on inequality. One of his major points was that the massive GDP growth that is every central bankers' wet dream is typically only possible in times of high population growth. The malaise in Japan and Europe can be attributed to the fact that their endogenous growth rates are negative and that net immigration in is limited. More importantly, that social mobility is exacerbated in times of lower expected...

Thomas picketty and capital in the 21st century