@valentin-marchal.bsky.social
Econ PhD candidate at Sciences Po - Macroeconomics, Inequality, Rational Bubbles
https://sites.google.com/view/valentin-marchal/home
https://sites.google.com/view/valentin-marchal/home
📈Why did wealth explode in rich countries while capital hasn’t?
📝In my JMP, a rational bubble growing faster than the econ is the missing piece:
– it arises under insatiable preferences for wealth and high income inequality;
– a wealth tax can prevent it and be growth-enhancing.
shorturl.at/41acd
📝In my JMP, a rational bubble growing faster than the econ is the missing piece:
– it arises under insatiable preferences for wealth and high income inequality;
– a wealth tax can prevent it and be growth-enhancing.
shorturl.at/41acd
November 27, 2025 at 3:54 PM
📈Why did wealth explode in rich countries while capital hasn’t?
📝In my JMP, a rational bubble growing faster than the econ is the missing piece:
– it arises under insatiable preferences for wealth and high income inequality;
– a wealth tax can prevent it and be growth-enhancing.
shorturl.at/41acd
📝In my JMP, a rational bubble growing faster than the econ is the missing piece:
– it arises under insatiable preferences for wealth and high income inequality;
– a wealth tax can prevent it and be growth-enhancing.
shorturl.at/41acd