Research At SCEPA
A Statistical Equilibrium Approach to the Distribution of Profit Rates
WORKING PAPER | This working paper builds on Farjoun and Machover's probabilistic approach to understand the distribution of firm level profit rates.
Structuralist Response to Piketty's Capital in the Twenty-First Century
WORKING PAPER | New School Economist Lance Taylor released a symposium of literature on Thomas Piketty’s Capital in the Twenty-First Century in conjunction with the INET-sponsored research project on Economic Sustainability, Distribution and Stability.
Piketty's Elasticity of Substitution
WORKING PAPER | This note reviews Piketty's argument, which relies on a non-standard definition of capital stock.
Worldly Philosopher: Must the Rich Grow Richer? Long-Term Trends in the Capital Share in Income
WORLDLY PHILOSOPHER | This week's Worldly Philosopher, Gregor Semieniuk, writes on the theoretical assumptions underlying Thomas Piketty's forecast of a growing share of income going to the rich.
Worldly Philosopher: The Digital Revolution's Energy Costs
WORLDLY PHILOSOPHER | This week's Worldly Philosopher, Gregor Semieniuk, writes on the trade-off between increased computing power and climate change.
A Bayesian Latent Variable Mixture Model for Filtering Firm Profit Rate
WORKING PAPER | This paper examines the distribution of profit rates in the United States using firm-level data to examine the theory of the equalization of the rate of profit.