Larry Summer and Paul Krugman cite Atif Mian and Amir Sufi's hard-to-believe theory of the Great Recession to justify fiscal stimulus. In their book, ... [Read More]
Serious liberal economists are damning Piketty with faint praise
Finally, an economist on the left, Larry Summers, comes out and admits that the emperor, Thomas Piketty, has no clothes. In truth, Paul Krugman, Brad ... [Read More]
Larry Summers savages Piketty’s Capital in the 21st Century
Larry Summers’ review of Thomas Piketty’s book has finally arrived, and he savages it. Frankly, it’s hard to find any aspect of Piketty’s theory that ... [Read More]
