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Live-blogging Piketty: Review Of Reviews, Pt. 2 | Dollars & Sense Blogdollars & Sense Blog

For those unable to wait until June, and for those who do not subscribe to theJournal of Economic Literature, an early draft of this review is available here . Milanovic callsCapital in the Twenty-First Centuryone of the watershed books in economic thinking. He then goes on to explain why. His review demonstrates both a careful reading ofCapitaland a detailed knowledge of Pikettys previous work. It explains that the value added byCapitalis a general theory of capitalism. In brief, Piketty shows that annual returns to capital income (which mainly go to the very wealthiest households) have been relatively constant at 4%-5% over long historical stretches and have exceeded the annual rate of economic growth, whose gains go to average households. The result must be greater inequality, as more income gains go to the wealthy than go to other families. There are few notable exceptions to this trendwars leading to the destruction of capital and high tax rates in order to finance the fighting, and periods of hyperinflation that destroy wealth. During the Golden Era, the post-war decades, high taxes on high incomes and wealth reduced income equality and led to a rising middle class. But such brief historical epochs are aberrations according to Piketty; the dynamics of capitalism tend to return to long-term trends. Rising inequality is inevitable due to the math of returns to capital that exceed economic growth rates.
For the original version, , visit http://dollarsandsense.org/blog/2014/05/live-blogging-piketty-review-reviews-2-2.html

The Ultimate Cheat Sheet for Business Blogging – Yahoo Small Business Advisor

The Ultimate Cheat Sheet for Business Blogging image fe0f7669 09ea 4b67 90a4 a0b059f8f97f7

Measure Your ROI Set up a way to measure your ROI (Return on Investment) for your content marketing. Is what youre doing paying off? Is one part paying off hugely while the other is not? This valuable information should guide you when planning your next steps in your content marketing. Next Steps Turn your business blogging into actual customers click the image below to download the free report 8 Ways to Leverage New Online Marketing to Attract Customers. What business blogging tips can you add? Hey, thanks for the info. Now what? If you need any help with content creation, we have tons of free resources to get you over the hump.
For the original version, , visit https://smallbusiness.yahoo.com/advisor/ultimate-cheat-sheet-business-blogging-223706171.html

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