Alex Tabarrok: Depreciating Capital: “There are no contradictions [in Piketty]… ..but many a slip ‘twixt the cup and the lip. Namely, will [n+]g fall? If [n+]g does fall, will K/Y increase? If K/Y increases will capital’s share of income increase? My answers: Will [n+]g fall? Uncertain. Piketty’s forecast is as good as anyone’s…. If g does fall, … Continue reading Evening Must-Read: Alex Tabarrok: Depreciating Capital and Thomas Piketty