Beyond capital and wealth
نویسندگان
چکیده
منابع مشابه
On the Formation of Capital and Wealth
We show modern information technology (in short IT) is the cause of rising income and wealth inequality since the 1970's and has contributed to slow growth of wages and decline in the natural rate. Hence, the source of most improvements in our living standards also causes social losses and rising inequality. We first study all US firms whose securities trade on public exchanges. Surplus wealth ...
متن کاملOn the Formation of Capital and Wealth
We show modern information technology (in short IT) is the cause of rising income and wealth inequality since the 1970's and has contributed to slow growth of wages and decline in the natural rate. We first study all US firms whose securities trade on public exchanges. Surplus wealth of a firm is the difference between wealth created (equity and debt) and its capital. We show (i) aggregate surp...
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ژورنال
عنوان ژورنال: Economics
سال: 2018
ISSN: 1864-6042
DOI: 10.5018/economics-ejournal.ja.2018-21