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The Piketty-Krugman Hypothesis
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What is the Piketty-Krugman Hypothesis?
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A
The rate of return on capital is greater than the rate of economic growth.
💡 Explanation:
The Piketty-Krugman Hypothesis states that the rate of return on capital is greater than the rate of economic growth. This means that the wealthy will become wealthier over time, while the poor will become poorer.