The concept of accelerated capital accumulation and its applications
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The concept of accelerated capital accumulation and its applications
Annotation
PII
S086904990011443-9-1
Publication type
Article
Status
Published
Authors
Eugene Balatskii 
Occupation: Director, Chief Researcher
Affiliation:
Center for Macroeconomic Research in the Financial University under the Government of the Russian Federation
Central Economics and Mathematics Institute of the Russian Academy of Sciences
Address: 4th Veshnyakovsky ass., Moscow, 109456, Russian Federation
Edition
Pages
119-133
Abstract

The article discusses the concept of accelerated capital accumulation proposed by the French economist T. Piketty. The different wording and content of the three laws of capitalism is discussed, and their logical linking is made. It is shown that the three laws contain a feature of self-regulation of capital accumulation. The author reveals the mechanism of the growth of social inequality as a result of the contradiction between the first law of capitalism and the effect of scale. A model of personal success containing four explanatory elements generalized, including the factor of Piketty is suggested.

Keywords
capital, economic growth, return of capital, inequality
Received
11.09.2020
Date of publication
29.01.2018
Number of purchasers
8
Views
288145
Readers community rating
0.0 (0 votes)
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