Earlier this week Paul Krugman took another step closer to conceding that the case against income inequality is mistaken. He said, “I’m actually a ... [Read More]
Piketty Overlooks the Circumstantial Nature of Economics
Despite the implausible economic theory underlying Capital in the Twenty-First Century (as addressed here, here, here, and here), Thomas Piketty ... [Read More]
Economists Krusell & Smith find “Piketty’s second law…misleading, and…not fundamental”
Alex Tabarrok reports on a recent paper by Per Krusell and Tony Smith that articulates the problem with Thomas Piketty’s so-called “Second Law of ... [Read More]
Financial Times raises concerns about integrity of Piketty’s data but effects likely inconsequential
First, liberal economists damned Thomas Piketty’s book, Capital in the Twenty-First Century, with a stream of faint praise by applauding the quality ... [Read More]
Ed Conard reviews Piketty’s Capital in the 21st Century and its critics on Bloomberg TV’s In the Loop with Betty Liu
... [Read More]
Marty Feldstein denounces Piketty’s Capital in the 21st Century in the WSJ
Marty Feldstein denounces Piketty’s Capital in the Twenty-First Century in The Wall Street Journal: “His [Piketty’s] thesis rests on … a flawed ... [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]
