The Rate of Return on Everything, 1870-2015: Stock Market, Gold, Real Estate, Bonds and more... AUTH-1348657 ISBN10: 0062213792

ISBN10: 0062213792

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But all that was in the future

The Rate of Return on Everything, 1870-2015: Stock Market, Gold, Real Estate, Bonds and more... AUTH-1348657 ISBN10: 0062213792This book answers fundamental questions that have preoccupied modern economic thought since the 18th century. What is the aggregate real rate of return in the economy? Is it higher than the growth rate of the economy and, if so, by how much? Is there a tendency for returns to fall in the long run? Which particular assets have the highest long run returns? We answer these questions on the basis of a new and comprehensive dataset for all major asset