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.


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