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Daron Acemoglu on Inequality, Institutions, and Piketty

EconTalk

I'm Just a Poor Wage Earner. I'll Just Grow at a Rate G

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If r is greater than g, doesn't that mean people who hold capital will see their nest egg growing at a very high rate? And i'm just a poor wage earner. I'm just growing at a rate g. If i'm lucky, i'm getting in picketty story,. But somebody who inherits money, they're getting r, so they're growing at a bigger rate, five %, seven %. Doesn't that mean that the distance between the wage earner and the and the holder of of capitalis going to grow and grow and grow, over generations, get even worse? That's exactly my second point. So sot one was you know, our

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