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Capital and Wealth in the 21st Century

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NBER2015-02-01 更新2025-01-04 收录
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https://www.nber.org/papers/w20919
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In Capital in the 21st Century, Thomas Piketty uses the market value of tradeable assets to measure both productive capital and wealth. As a measure of wealth this is problematic because it ignores the value of human capital and transfer wealth, which have grown enormously over the last 300 years.
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2015-02-01
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