J. Bradford DeLong is Professor of Economics at the University of California, Berkeley and a research associate at the National Bureau of Economic Research. He was Deputy Assistant US Treasury Secretary during the Clinton Administration, where he was heavily involved in budget and trade negotiations. His role in designing the bailout of Mexico during the 1994 peso crisis placed him at the forefront of Latin America’s transformation into a region of open economies, and cemented his stature as a leading voice in economic-policy debates.
BERKELEY – No jornal on-line, The Baffler, Kathleen Geier tentou fazer recentemente uma síntese da crítica conservadora sobre o novo livro de Thomas Piketty Capital in the Twenty-First Century [O capital no Século XXI]. O que mais me surpreende é quão fraca a avaliação dos argumentos de Piketty, por parte da direita, acabou por ser.
A tese de Piketty é pormenorizada e complicada. Mas há cinco pontos que parecem particularmente relevantes:
1. A riqueza da sociedade em relação ao seu rendimento anual irá crescer (ou diminuir) para um nível igual à sua taxa de poupança líquida dividida pela sua taxa de crescimento.
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