Headlines 2014

Researchers on Piketty, taxes and inequality

2014-11-05

The latest issue of Ekonomisk Debatt (No. 7/2014) presents several articles by IFN-economists: Magnus Henrekson and Tino Sanandaji write about how capital taxation on ownership affect corporate activities. Niclas Berggren and Therese Nilsson write an editorial piece about inequality. Assar Lindbeck comments on the research by the French economist Thomas Piketty.

Assar Lindbeck writes that it's possible that Piketty has "activated anti-capitalist sentiments in countries that are characterized by a market economy and private enterprise." He points out that a part of Piketty's book Capital in the Twenty-First Century, is the long term series of important aspects of the income distribution in a large number of developed countries. Lindbeck further explains that: "a striking impression of the statistics Piketty presents is the vast difference in income distribution's development over the past decades between Anglo-Saxon countries and countries of the European continent and in Scandinavia.

Lindbeck concludes that "Piketty's theory of capital accumulation and return on capital is hardly helpful in explaining the increased concentration of income at the highest percentile."
Lindbeck concludes: "... it is important to note that supporters of a more equal distribution of income and wealth in some countries do not really have any need to rely on Piketty theories, predictions or suggestions."

Further reading (in Swedish)

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