2 thoughts on “A Derivation of Piketty's Second Fundamental Law of Capitalism

  1. Does it not follow immediately from your formula7?
    βi+1 =βi (1 + si/βi)/(1 + gi)
    So, βi+1 /βi=(1 + si/βi)/(1 + gi).
    In the limit
    1=(1 + s/β)/(1 + g).
    So,s/β=g and β=s/g


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s