Avatar of admin

by

Turning Piketty Right Side Up

June 18, 2014 in Economics

By Mises Updates

6783

Mises Daily Wednesday by George Reisman:

In his new book, Capital In the Twenty-First Century, Piketty argues that saving and capital accumulation by wealthy capitalists serves to reduce wages while doing nothing to increase production. In real life, however, capitalists constantly make investments that increase both production and wages.

…read more

Source: MISES INSTITUTE

Leave a reply

You must be logged in to post a comment.