|
Capitalism and Inheritance*
|
|
Nov 9th 2020, Prabhat Patnaik
|
|
It
is often believed that the ability to pass on property
to one's progeny is an essential element of capitalism,
without which the capitalists' incentives will dry up
and the system will lose its dynamism and nothing could
be further from the truth.
*
This article was originally published in People's
Democracy on November
8, 2020.
|
|
|
|
Click below
to get Adobe® Acrobat®
Reader®, a free
software that lets you view and print Adobe Portable
Document Format (PDF) files.
|
|