{"id":37470,"date":"2024-06-23T10:47:19","date_gmt":"2024-06-23T02:47:19","guid":{"rendered":"https:\/\/damakey.com\/?p=37470"},"modified":"2024-06-24T10:58:07","modified_gmt":"2024-06-24T02:58:07","slug":"after-piketty","status":"publish","type":"post","link":"https:\/\/damakey.com\/?p=37470","title":{"rendered":"after Piketty"},"content":{"rendered":"\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped wp-block-gallery-1 is-layout-flex wp-block-gallery-is-layout-flex\">\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"665\" height=\"1024\" data-id=\"37471\" src=\"https:\/\/damakey.com\/wp-content\/uploads\/2024\/06\/740824227.646029-665x1024.jpeg\" alt=\"\" class=\"wp-image-37471\" srcset=\"https:\/\/damakey.com\/wp-content\/uploads\/2024\/06\/740824227.646029-665x1024.jpeg 665w, https:\/\/damakey.com\/wp-content\/uploads\/2024\/06\/740824227.646029-195x300.jpeg 195w, https:\/\/damakey.com\/wp-content\/uploads\/2024\/06\/740824227.646029-768x1183.jpeg 768w, https:\/\/damakey.com\/wp-content\/uploads\/2024\/06\/740824227.646029-585x901.jpeg 585w, https:\/\/damakey.com\/wp-content\/uploads\/2024\/06\/740824227.646029.jpeg 779w\" sizes=\"(max-width: 665px) 100vw, 665px\" \/><\/figure>\n<\/figure>\n\n\n\n<p>\u300aAfter Piketty\u300b\u9019\u672c\u66f8\u662f\u5c0dPiketty\u6240\u5beb\u7684\u90a3\u672c\u300aCapital in he Twenty-First Century 21\u4e16\u7d00\u8cc7\u672c\u8ad6\u300b\u7684\u4e00\u500b\u56de\u61c9\u3002<\/p>\n\n\n\n<p>\u5728\u300aAfter Piketty\u300b\u9019\u672c\u66f8\u4e2d\uff0c\u662f\u9019\u9ebc\u8a00\u7c21\u610f\u8cc5\u5730\u8aaa\u660e\u4e86\u300a21\u4e16\u7d00\u8cc7\u672c\u8ad6\u300b\u4e3b\u8981\u7684\u8ad6\u8ff0\uff1a<\/p>\n\n\n\n<p>Piketty&#8217;s world is particularly grim because it&#8217;s predetermined. So long as the rate of profit is above the rate of growth, we&#8217;re destined to move toward ever-increasing inequality. The only thing we can do is figure out how to tally up the massive wealth and tax it\u2014if we can overcome the ability of wealth to protect itself by constraining political options.<\/p>\n\n\n\n<p>Piketty\u7684\u4e16\u754c\u662f\u7279\u5225\u60b2\u6158\u56e0\u70ba\u4ed6\u8a8d\u70ba\u8a3b\u5b9a\u6703\u767c\u751f\u3002\u53ea\u8981\u5229\u6f64\u7387(r)\u9ad8\u65bc\u6210\u9577\u7387(g)\uff0c\u90a3\u9ebc\u4e0d\u65b7\u589e\u5927\u7684\u8ca7\u5bcc\u5dee\u8ddd\uff0c\u5c31\u662f\u6211\u5011\u7684\u672a\u4f86\u8981\u9762\u5c0d\u7684\u547d\u904b\u3002\u6211\u5011\u552f\u4e00\u53ef\u4ee5\u505a\u7684\u662f\uff0c\u53bb\u60f3\u8fa6\u6cd5\u8a08\u7b97\u51fa\u6709\u9322\u4eba\u64c1\u6709\u7684\u5de8\u5927\u8ca1\u5bcc\u91d1\u984d\uff0c\u7136\u5f8c\u8ab2(\u8ca1\u5bcc)\u7a05\u2014\u2014\u5982\u679c\u6211\u5011\u53ef\u4ee5\u53cd\u5236\u6709\u9322\u4eba\u7684\u53cd\u64b2\uff0c\u4e0d\u56e0\u6b64\u9650\u5236\u4e86\u6211\u5011\u53ef\u4ee5\u63a1\u53d6\u7684\u5404\u7a2e\u53ef\u80fd\u7684\u653f\u6cbb\u624b\u6bb5\u3002<\/p>\n\n\n\n<p>In Capital in the Twenty-First Century, Piketty employs a growth model to explain how a falling rate of economic growth would affect the capital share. Under his model, a lower growth rate would increase the capital \/ output ratio; this rise in the capital \/ output ratio would also increase the capital share if the capital-labor substitution elasticity is above one. Piketty then estimates this elasticity to be substantially above one by using the historical co-movement of the capital \/ output ratio and capital share.<\/p>\n\n\n\n<p>\u5728\u300a21\u4e16\u7d00\u8cc7\u672c\u8ad6\u300b\u4e2d\uff0cPiketty\u904b\u7528\u4e86\u4e00\u500b\u6210\u9577\u6a21\u578b\u4f86\u89e3\u91cb\uff0c\u7d93\u6fdf\u6210\u9577\u7387\u7684\u964d\u4f4e\u662f\u5982\u4f55\u5f71\u97ff\u5230\u8cc7\u672c\u751f\u7522\u8981\u7d20\u7684\u5360\u6bd4\u3002\u5c31\u9019\u500b\u6a21\u578b\u800c\u8a00\uff0c\u4e00\u500b\u6210\u9577\u7387\u7684\u964d\u4f4e\u5c07\u6703\u589e\u52a0\u8cc7\u672c\/\u7522\u51fa\u9019\u500b\u6bd4\u7387\uff1b\u8cc7\u672c\/\u7522\u51fa\u9019\u500b\u6bd4\u7387\u7684\u589e\u52a0\uff0c\u53ea\u8981\u8cc7\u672c\u548c\u52de\u52d5\u529b\u7684\u66ff\u4ee3\u5f48\u6027\u662f\u5927\u65bc1\uff0c\u4e5f\u6703\u589e\u52a0\u8cc7\u672c\u751f\u7522\u8981\u7d20\u7684\u5360\u6bd4\u3002Piketty\u7528\u8cc7\u672c\/\u7522\u51fa\u548c\u8cc7\u672c\u751f\u7522\u8981\u7d20\u5360\u6bd4\u9023\u52d5\u7684\u6b77\u53f2\u8cc7\u6599\uff0c\u4f30\u7b97\u51fa\uff08\u8cc7\u672c\u548c\u52de\u52d5\u529b\u7684)\u66ff\u4ee3\u5f48\u6027\uff0c\u662f\u9060\u9060\u5927\u65bc1\u7684\u3002<\/p>\n\n\n\n<p>\u2026..<\/p>\n\n\n\n<p>\u5728\u300aAfter Piketty\u300b\u9019\u672c\u66f8\u5c0dPiketty \u300a21\u4e16\u7d00\u8cc7\u672c\u8ad6\u300b\u9019\u672c\u66f8\u6700\u81f4\u547d\u7684\u6279\u8a55\uff0c\u662fPiketty\u4e3b\u5f35\u8cc7\u672c\u548c\u52de\u52d5\u529b\u7684\u66ff\u4ee3\u5f48\u6027\u662f\u9060\u9060\u5927\u65bc1\u7684\u4f30\u7b97\u3002<\/p>\n\n\n\n<p>\u4e0d\u7ba1\u662f\u5f9e\u7e3d\u9ad4\u7d93\u6fdf\u6216\u500b\u9ad4\u7d93\u6fdf\u7684\u89d2\u5ea6\uff0c\u7531\u5b78\u8005\u8af8\u591a\u6587\u737b\u7684\u56de\u9867\u770b\u4f86\uff0c\u8cc7\u672c\u548c\u52de\u52d5\u529b\u7684\u66ff\u4ee3\u5f48\u6027\u662f\u5c0f\u65bc1\u7684\u3002<\/p>\n\n\n\n<p>\u300aAfter Piketty\u300b\u9019\u672c\u66f8\u8a8d\u70baPiketty \u628a\u52de\u52d5\u9019\u9805\u751f\u7522\u8981\u7d20\u4f54\u6bd4\u7684\u6e1b\u5c11(\u76f8\u5c0d\u5c31\u662f\u8cc7\u672c\u9019\u9805\u751f\u7522\u8981\u7d20\u4f54\u6bd4\u7684\u589e\u52a0)\u6b78\u56e0\u65bc\u8cc7\u672c\u548c\u52de\u52d5\u529b\u7684\u66ff\u4ee3\u5f48\u6027\u5927\u65bc1\uff0c\u662f\u932f\u8aa4\u7684\u3002\u8a72\u66f8\u8a8d\u70ba\u5168\u7403\u5316(Globalization)\u548c\u4fc3\u9032\u751f\u7522\u529b\u7684\u79d1\u6280\u9032\u6b65(labor-saving technology progress)\u624d\u66f4\u662f\u66f4\u5408\u7406\u7684\u89e3\u91cb\u3002<\/p>\n\n\n\n<p>\u91dd\u5c0d\u300a21\u4e16\u7d00\u8cc7\u672c\u8ad6\u300b\u6700\u5f8c\u4e3b\u5f35\u8981\u5c0d\u6709\u9322\u4eba\u8ab2\u5f81\u8ca1\u5bcc\u7a05\uff0c\u300aAfter Piketty\u300b\u9019\u672c\u66f8\u8a8d\u70ba\u90a3\u662f\u5b8c\u5168\u4e0d\u53ef\u884c\u7684\u3002<\/p>\n\n\n\n<p>\u300aAfter Piketty\u300b\u9019\u672c\u66f8\u6700\u5f8c\u4e00\u7ae0\u8209\u7f8e\u570b\u70ba\u4f8b\uff0c\u8aaa\u660e\u9023\u7f8e\u570b\u8981\u8ab2\u8ca1\u5bcc\u7a05\u90fd\u5f88\u56f0\u96e3\uff0c\u66f4\u4f55\u6cc1\u4e16\u754c\u5404\u570b\u7684\u570b\u60c5\u90fd\u4e0d\u540c\uff0c\u800c\u8de8\u570b\u4f01\u696d\u5f80\u5f80\u4e5f\u628a\u516c\u53f8\u767b\u8a18\u5230\u7a05\u7387\u8f03\u4f4e\u6216\u514d\u7a05\u7684\u570b\u5bb6\u4f86\u7bc0\u7a05\uff0c\u90a3\u9ebc\u600e\u9ebc\u5728\u5168\u4e16\u754c\u5404\u5730\u5340\u4e00\u8d77\u5411\u5bcc\u4eba\u8ab2\u8ca1\u5bcc\u7a05\u5462\uff1f<\/p>\n\n\n\n<p>\u7f8e\u570b\u7684\u7a05\u5236\u662f\u570b\u6703\u6c7a\u5b9a\u7684\uff0c\u800c\u570b\u6703\u8b70\u54e1\u4ee3\u8868\u662f\u4eba\u6c11\u9078\u51fa\u4f86\u7684\u3002(\u5728\u7f8e\u570b\uff0c\u6bcf\u500b\u4eba\u90fd\u6709\u6295\u7968\u6b0a\uff0c\u662f\u665a\u8fd1\u624d\u767c\u751f\u7684\u4e8b\u30021965\u5e74\u958b\u59cb\uff0c\u7f8e\u570b\u7684\u9ed1\u4eba\u624d\u6709\u6295\u7968\u6b0a\u3002)<\/p>\n\n\n\n<p>\u7e31\u4f7f\u570b\u6703\u8b70\u54e1\u4ee3\u8868\u662f\u4eba\u6c11\u9078\u51fa\u4f86\u7684\uff0c\u4f46\u662f\u5f88\u591a\u7814\u7a76\u986f\u793a\uff0c\u4eba\u6c11\u7684\u7968\u4e26\u4e0d\u662f\u7968\u7968\u7b49\u503c\u7684\u3002\u5bcc\u6709\u7684\u4eba\u5c0d\u653f\u7b56\u7684\u5f71\u97ff\u662f\u8f03\u5927\u7684\u3002<\/p>\n\n\n\n<p>\u7f8e\u570b\u653f\u5e9c\u7684\u653f\u7b56\uff0c\u53d7\u5230\u904a\u8aaa\u5718\u9ad4\u7684\u5de6\u53f3\u3002\u90a3\u9ebc\u53c8\u662f\u8ab0\u5f71\u97ff\u8457\u904a\u8aaa\u5718\u9ad4\u5462\uff1f\u5927\u516c\u53f8\u548c\u5404\u7a2e\u5229\u76ca\u5718\u9ad4\u7b49\u7b49\uff0c\u800c\u5728\u5b83\u5011\u7684\u80cc\u5f8c\uff0c\u5c31\u662f\u8ca1\u529b\u96c4\u539a\u7684\u6709\u9322\u4eba\u3002\u6709\u5be6\u8b49\u7814\u7a76\u986f\u793a\uff0c\u6709\u9322\u4eba\u7684\u653f\u6cbb\u8072\u91cf\u986f\u7136\u8f03\u5927\uff0c\u800c\u7d93\u6fdf\u80fd\u529b\u5c6c\u65bc\u4e2d\u4e0b\u968e\u5c64\u7684\u8072\u97f3\uff0c\u5247\u6bd4\u8f03\u662f\u88ab\u5ffd\u7565\u7684\u3002<\/p>\n\n\n\n<p>\u7f8e\u570b\u570b\u6703\u6240\u5236\u5b9a\u7684\u7a05\u6cd5\uff0c\u4ee3\u8868\u5404\u754c\u5229\u76ca\u89d2\u529b\uff0c\u4e5f\u5c31\u50cf\u62fc\u88fd\u8eca\u4e00\u6a23\u5145\u6eff\u6f0f\u6d1e\uff0c\u800c\u57fa\u672c\u4e0a\u662f\u5c0d\u6709\u9322\u4eba\u662f\u6bd4\u8f03\u53cb\u5584\u3001\u6bd4\u8f03\u6709\u5229\u7684\u3002<\/p>\n\n\n\n<p>\u570b\u6703\u8b70\u54e1\u4ee3\u8868\u6709\u9322\u4eba\u7684\u5229\u76ca\uff0c\u8ab0\u6703\u628a\u5927\u5200\u5411\u8457\u81ea\u5df1(\u4ee5\u53ca\u4ed6\u5011\u7684\u6069\u4e3b)\u5462\uff1f\u4ed6\u5011\u7af6\u9078\u9023\u4efb\u7684\u6642\u5019\uff0c\u9084\u9700\u8981\u91d1\u672c(\u6069\u4e3b) \u7684\u5927\u529b\u8d0a\u52a9\u5462\uff01<\/p>\n\n\n\n<p>\u6240\u4ee5\u300a21\u4e16\u7d00\u8cc7\u672c\u8ad6\u300b\u4e3b\u5f35\u8981\u5c0d\u6709\u9322\u4eba\u8ab2\u5f81\u8ca1\u5bcc\u7a05\uff0c\u5728\u7f8e\u570b\u5c31\u57fa\u672c\u4e0a\u5c31\u662f\u4e0d\u53ef\u80fd\u7684\u3002<\/p>\n\n\n\n<p>\u5728\u7f8e\u570b\u8ca7\u5bcc\u5dee\u8ddd\u4e4b\u5927\uff0c\u5f80\u5f80\u4eba\u6c11\u4e4b\u9593\u5206\u6210\u597d\u591a\u4e0d\u540c\u7684\u968e\u7d1a\uff0c\u9023\u5c45\u4f4f\u7684\u5340\u4f4d\u4e5f\u4e0d\u540c\u3002\u8ca7\u5bcc\u5206\u5340\u7684\u554f\u984c\uff0c\u9020\u6210\u4f4d\u8655\u65bc\u6bd4\u8f03\u4e0d\u5bcc\u6709\u5730\u5340\u7684\u5730\u65b9\u653f\u5e9c\uff0c\u8ca1\u653f\u5f80\u5f80\u8f03\u70ba\u7dca\u7d40\uff0c\u4ee5\u81f4\u65bc\u516c\u5171\u5b78\u6821\u3001\u99ac\u8def\u516c\u5712\u3001\u516c\u5171\u4ea4\u901a\u7b49\u7b49\u516c\u5171\u8ca1\u7684\u4f9b\u61c9\u4e0d\u8db3\u6216\u5e74\u4e45\u5931\u4fee\uff0c\u800c\u9019\u4e5f\u6703\u9032\u4e00\u6b65\u62c9\u5927\u8ca7\u5bcc\u7684\u5dee\u8ddd\u3002<\/p>\n\n\n\n<p>\u2026\u2026<\/p>\n\n\n\n<p>\u7f8e\u570b\u6700\u5bcc\u6709\u7684\u90a3\u7fa4\u4eba\u5c0d\u8ca7\u5bcc\u4e0d\u5747\u7684\u770b\u6cd5\u53c8\u662f\u4ec0\u9ebc\u5462\uff1f\uff1a<\/p>\n\n\n\n<p>Perhaps most notable in the context of Piketty&#8217;s work are the attitudes of the wealthy toward economic inequality and their preferences for what ought to be done (and not done) about it. Fully 86 percent of wealthy Americans are aware of the fact that income and wealth have grown more concentrated. And half (56 percent) did not accept the proposition that &#8220;large differences in income are necessary for Americas prosperity.&#8221; About two-thirds (62 percent) said that differences in income are too large. While wealthy Americans believe that pay for hedge fund managers and CEOs of large corporations should be reduced, and that pay for low-wage occupations should be increased, they emphatically (87 percent) do not view it as the role of government to &#8220;reduce the differences between those with high incomes and those with low incomes.&#8221; 83 percent said that the government should not redistribute wealth by heavy taxes on the rich. In contrast, 46 percent of the general public say that reducing income differences should be the role of the government, and 52 percent say the government should accomplish as much by heavy taxes on the rich. In short, the wealthy aren&#8217;t going to go for Piketty&#8217;s global wealth tax, or even for a more modest domestic version.<\/p>\n\n\n\n<p>\u6216\u8a31Piketty \u66f8\u4e2d\u6700\u503c\u5f97\u6ce8\u610f\u7684\u662f\u7f8e\u570b\u7684\u5bcc\u4eba\u5c0d\u7f8e\u570b\u8ca7\u5bcc\u4e0d\u5747\u7684\u770b\u6cd5\uff0c\u4ee5\u53ca\u4ed6\u5011\u8a8d\u70ba\u61c9\u8a72\u505a\u7684\u662f\u4ec0\u9ebd\u800c\u4e0d\u8a72\u505a\u7684\u53c8\u662f\u4ec0\u9ebc\u3002<\/p>\n\n\n\n<p>86% \u7684\u5bcc\u4eba\u610f\u8b58\u5230\u8ca1\u5bcc\u8b8a\u5f97\u66f4\u96c6\u4e2d\u4e86\u3002<\/p>\n\n\n\n<p>56% \u7684\u5bcc\u4eba\u4e0d\u8a8d\u70ba\u6536\u5165\u7684\u5de8\u5927\u5dee\u7570\u662f\u7f8e\u570b\u7e41\u69ae\u7684\u5fc5\u7136\u7d50\u679c\u3002<\/p>\n\n\n\n<p>62% \u7684\u5bcc\u4eba\u8a8d\u70ba\u6536\u5165\u7684\u5dee\u7570\u592a\u5927\u3002<\/p>\n\n\n\n<p>87% \u7684\u5bcc\u4eba\u96d6\u7136\u8a8d\u70ba\u4ed8\u7d66\u907f\u96aa\u57fa\u91d1\u7d93\u7406\u4eba\u548c\u5927\u4f01\u696d\u57f7\u884c\u9577\u7684\u85aa\u6c34\u61c9\u8a72\u964d\u4f4e\uff0c\u4f4e\u85aa\u5de5\u4f5c\u7684\u85aa\u6c34\u61c9\u8a72\u589e\u52a0\uff0c\u4f46\u4ed6\u5011\u4e0d\u65b7\u5f37\u8abf\uff0c\u4e0d\u8a8d\u70ba\u6e1b\u5c11\u6536\u5165\u7684\u5dee\u7570\u662f\u653f\u5e9c\u61c9\u8a72\u626e\u6f14\u7684\u89d2\u8272\u3002<\/p>\n\n\n\n<p>83% \u7684\u5bcc\u4eba\u8a8d\u70ba\u653f\u5e9c\u4e0d\u61c9\u5c0d\u5bcc\u4eba\u8ab2\u4ee5\u91cd\u7a05\u4f86\u91cd\u65b0\u5206\u914d\u8ca1\u5bcc\u3002<\/p>\n\n\n\n<p>46%\u7684\u5927\u773e\u8a8d\u70ba\u6e1b\u5c11\u6536\u5165\u7684\u5dee\u8ddd\u61c9\u8a72\u662f\u653f\u5e9c\u61c9\u8a72\u626e\u6f14\u7684\u89d2\u8272\u3002<\/p>\n\n\n\n<p>52%\u7684\u5927\u773e\u8a8d\u70ba\u653f\u5e9c\u61c9\u8a72\u5118\u53ef\u80fd\u5411\u5bcc\u4eba\u8ab2\u4ee5\u91cd\u7a05\u3002<\/p>\n\n\n\n<p>\u7c21\u800c\u8a00\u4e4b\uff0c\u5bcc\u4eba\u6839\u672c\u4e0d\u8a8d\u540cPiketty\u5168\u7403\u8ca1\u5bcc\u8ab2\u7a05\u7684\u60f3\uff0c\u751a\u81f3\u4e00\u500b\u66f4\u5c0f\u898f\u6a21\u7684\u570b\u5167\u505a\u6cd5\u4e5f\u4e0d\u8d0a\u540c\u3002<\/p>\n\n\n\n<p>\u300aAfter Piketty\u300b\u9019\u672c\u66f8\u4e5f\u63a2\u8a0e\u4e86\u8ca7\u5bcc\u4e0d\u5747\u5c0d\u7e3d\u9ad4\u7d93\u6fdf\u7684\u5f71\u97ff\u3002\u57fa\u672c\u7684\u7d50\u8ad6\u662f\u8ca7\u5bcc\u4e0d\u5747\u6703\u6e1b\u7de9\u7d93\u6fdf\u6210\u9577\uff0c\u4f46\u662f\u5f71\u97ff\u4e0d\u7b97\u592a\u5927\u3002\u5728\u7d93\u6fdf\u4e0a\u884c\u7684\u6642\u5019\u6bd4\u8f03\u6c92\u6709\u95dc\u4fc2\uff0c\u4f46\u662f\u4e00\u65e6\u7d93\u6fdf\u53cd\u8f49\u5f80\u4e0b\uff0c\u666f\u6c23\u9032\u5165\u8870\u9000\uff0c\u8ca7\u5bcc\u4e0d\u5747\u7684\u793e\u6703\u5247\u6703\u9762\u5c0d\u8f03\u5927\u7684\u98a8\u96aa\uff1a<\/p>\n\n\n\n<p>\u2026Greater inequality likely makes the financial system less stable, as credit-constrained low-income households are potentially significant risks, and the economy more cyclical, as wealthier households that account for the bulk of the spending are sensitive to swings in increasingly volatile asset markets. This may not be a big deal if financial markets and the economy move in a more or less straight line, but it could be a huge deal if they don&#8217;t.<\/p>\n\n\n\n<p>\u8ca7\u5bcc\u6108\u4e0d\u5747\uff0c\u91d1\u878d\u7cfb\u7d71\u6108\u4e0d\u7a69\u5b9a\uff0c\u4fe1\u7528\u6709\u9650\u7684\u4f4e\u6536\u5165\u6236\uff0c\u975e\u5e38\u53ef\u80fd\u9762\u81e8\u6975\u5927\u7684\u98a8\u96aa\uff0c\u800c\u4e14\u7d93\u6fdf\u666f\u6c23\u5faa\u74b0\u4e0a\u4e0b\u7684\u8b8a\u5316\u66f4\u983b\u7e41\uff0c\u56e0\u70ba\u6d88\u8cbb\u4e3b\u529b\u7684\u8f03\u5bcc\u88d5\u5bb6\u5ead\u5c0d\u8cc7\u7522\u5e02\u5834\u7684\u5de8\u5927\u8b8a\u52d5\u662f\u5f88\u654f\u611f\u7684\u3002\u9019\u5728\u7d93\u6fdf\u6301\u5e73\u7684\u6642\u5019\u6216\u8a31\u5c0d\u91d1\u878d\u5e02\u6c92\u6709\u4ec0\u9ebc\u5f71\u97ff\uff0c\u4f46\u662f\u5982\u679c\u4e0d\u662f\uff0c\u90a3\u9ebc\u5f71\u97ff\u5c31\u6703\u975e\u5e38\u5de8\u5927\u3002<\/p>\n\n\n\n<p>This is especially true given that the economy&#8217;s potential growth will be much slower going forward than in the past, suggesting that recessions will be more likely. With monetary and fiscal policy almost certainly rendered more impotent by the zero lower bound and tighter political fetters, future recessions could be more severe.<\/p>\n\n\n\n<p>\u5982\u679c\u7d93\u6fdf\u6210\u9577\u6703\u6bd4\u4ee5\u524d\u9084\u7de9\u6162\uff0c\u90a3\u9ebc\u4ee3\u8868\u7d93\u6fdf\u8870\u9000\u975e\u5e38\u53ef\u80fd\u8feb\u5728\u7709\u776b\u3002\u91d1\u878d\u548c\u8ca1\u653f\u653f\u7b56\u5e7e\u4e4e\u78ba\u5b9a\u63a1\u53d6\u66f4\u7121\u70ba\u504f\u5411\u96f6\u7684\u4f4e\u9650\uff0c\u52a0\u4e0a\u653f\u6cbb\u7684\u684e\u932e\uff0c\u672a\u4f86\u7684\u8870\u9000\u5c07\u986f\u5f97\u66f4\u70ba\u56b4\u91cd\u3002<\/p>\n\n\n\n<p>\u2026\u2026<\/p>\n\n\n\n<p>\u6240\u5f97\u7684\u4f86\u6e90\uff0c\u4e00\u90e8\u4efd\u4f86\u81ea\u64c1\u6709\u8cc7\u672c(\u7522\u7522)\u7684\u8cc7\u672c\u5229\u5f97\uff0c\u6709\u4e00\u90e8\u4efd\u4f86\u81ea\u5de5\u4f5c\u7684\u6240\u5f97\u3002\u4e00\u822c\u6211\u5011\u6703\u5047\u8a2d\u8cc7\u672c(\u8cc7\u7522)\u662f\u883b\u96c6\u4e2d(\u5728\u67d0\u4e9b\u4eba\u8eab\u4e0a)\u7684\uff0c\u6240\u4ee5\u8cc7\u672c\u5229\u5f97\u4e5f\u6703\u883b\u96c6\u4e2d(\u5728\u67d0\u4e9b\u4eba\u8eab\u4e0a)\u7684\u3002\u7e3d\u6240\u5f97\u9ad8\u7684\u4eba\uff0c\u5f80\u5f80\u4f34\u96a8\u8cc7\u672c\u5229\u5f97\u4e5f\u662f\u9ad8\u7684\uff1a<\/p>\n\n\n\n<p>The implication of this analysis is that the way the rising share of capital income gets transmitted into greater interpersonal inequality varies between different social systems as a function of the underlying asset distribution. We are used to implicitly making the assumption that capital incomes are very concentrated and that the association between being capital-rich and overall-income-rich is very close. Both of these assumptions are reasonable given the empirical evidence\u2026.<\/p>\n\n\n\n<p>\u9019\u500b\u5206\u6790\u7684\u7d50\u8ad6\u5c31\u662f\uff0c\u96a8\u8457\u8cc7\u672c\u5229\u5f97\u7684\u6607\u9ad8\uff0c\u5c0e\u81f4\u4eba\u8207\u4eba\u9593\u6240\u5f97\u66f4\u70ba\u4e0d\u5747\uff0c\u9019\u5728\u4e0d\u540c\u7684\u793e\u6703\u4e4b\u9593\u90fd\u6703\u4e0d\u540c\uff0c\u4f9d\u8cc7\u7522\u7684\u5206\u4f48\u60c5\u6cc1\u800c\u5b9a\u3002\u6211\u5011\u4e00\u5411\u76f4\u63a5\u5047\u8a2d\u6240\u5f97\u662f\u975e\u5e38\u96c6\u4e2d(\u5728\u67d0\u4e9b\u4eba\u8eab\u4e0a)\u7684\uff0c\u800c\u8cc7\u672c\u6240\u5f97\u9ad8\u800c\u5bcc\u6709\u7684\u4eba\u548c\u7e3d\u6240\u5f97\u9ad8\u800c\u5bcc\u6709\u7684\u4eba\u7684\u95dc\u806f\u6027\u662f\u5f88\u6df1\u7684\u3002\u4f9d\u7167\u5be6\u8b49\u7684\u8cc7\u6599\u986f\u793a\uff0c\u9019\u4e9b\u5047\u8a2d\u90fd\u662f\u5408\u7406\u7684\u3002<\/p>\n\n\n\n<p>\u8b80\u5f8c<\/p>\n\n\n\n<p>\u8ca7\u5bcc\u5dee\u8ddd\u662f\u4e00\u500b\u96e3\u89e3\u7684\u554f\u984c\u3002\u76f8\u5c0d\u65bc\u7f8e\u570b\uff0c\u53f0\u7063\u7684\u8ca7\u5bcc\u5dee\u8ddd\u6c92\u6709\u90a3\u9ebc\u5927\uff0c\u9019\u662f\u503c\u5f97\u6176\u5e78\u7684\u4e8b\u3002\u6211\u5011\u61c9\u8a72\u4ee5\u4eca\u65e5\u7684\u7f8e\u570b\u70ba\u9451\u3002<\/p>\n\n\n\n<p>\u8ca7\u5bcc\u5dee\u8ddd\u7684\u62c9\u5927\uff0c\u5c0d\u539f\u751f\u5bb6\u5ead\u4e0d\u662f\u5bcc\u88d5\u7684\u5e74\u8f15\u4eba\uff0c\u5c31\u662f\u53e6\u5916\u4e00\u5c64\u7684\u58d3\u529b\u3002\u5c24\u5176\u52a0\u4e0a\u5404\u7a2e\u8cc7\u7522\u7684\u4e0a\u6f32\uff0c\u767d\u624b\u8d77\u300c\u5bb6\u300d\uff0c\u76ca\u5f62\u56f0\u96e3\u3002<\/p>\n\n\n\n<p>\u8a00\u6b78\u6b63\u50b3\u3002\u6295\u8cc7\u81ea\u5df1\uff0c\u5275\u9ad8\u5de5\u4f5c\u6240\u5f97\uff1b\u7e8d\u7a4d\u8cc7\u672c(\u7522)\uff0c\u5275\u9020\u8cc7\u672c(\u7522)\u6240\u5f97(\u88ab\u52d5\u6536\u5165)\uff0c\u624d\u80fd\u812b\u300c\u8ca7\u300d\u3002\u5c31\u9019\u6a23\u5427\uff01<\/p>\n\n\n\n<p>*\uff1aHeather Boushey, J. Bradford Delong, and Marshall Steinbaum, \u300aafter Piketty\u300b\uff0c2017\uff0cHarvard University Press<\/p>\n\n\n\n<p>2024\/6\/23 after Piketty Damakey<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u300aAfter Piketty\u300b\u9019\u672c\u66f8\u662f\u5c0dPiketty\u6240\u5beb\u7684&hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[3],"tags":[],"class_list":["post-37470","post","type-post","status-publish","format-standard","hentry","category-3"],"_links":{"self":[{"href":"https:\/\/damakey.com\/index.php?rest_route=\/wp\/v2\/posts\/37470","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/damakey.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/damakey.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/damakey.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/damakey.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=37470"}],"version-history":[{"count":2,"href":"https:\/\/damakey.com\/index.php?rest_route=\/wp\/v2\/posts\/37470\/revisions"}],"predecessor-version":[{"id":37474,"href":"https:\/\/damakey.com\/index.php?rest_route=\/wp\/v2\/posts\/37470\/revisions\/37474"}],"wp:attachment":[{"href":"https:\/\/damakey.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=37470"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/damakey.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=37470"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/damakey.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=37470"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}