"… and in our miscellaneous way of reasoning have been led into several topics; which will either illustrate and confirm some preceding part of this discourse, or prepare the way for our following opinions." — Hume, Treatise 1.4.6.23
A Derivation of Piketty's Second Fundamental Law of Capitalism
Download “A Derivation of the Second Fundamental Law of Capitalism” using this link:
2 thoughts on “A Derivation of Piketty's Second Fundamental Law of Capitalism”
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
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
LikeLike
Thanks for this, very helpful!
LikeLike