Also From A Reader-Tyler Cowen: ‘Why I Am Not Persuaded By Thomas Piketty’s Argument’

Full post here with a link to a review.

If you’re a non-economist like me, this can take more time to understand:

‘Overall, the main argument is based on two (false) claims. First, that capital returns will be high and non-diminishing, relative to other factors, and sufficiently certain to support the r > g story as a dominant account of economic history looking forward. Second, that this can happen without significant increases in real wages.’

Click through for more.

2 Comments

Piketty is a guy who wants to engage in theft by taxation.

Well, it’s definitely a bit deeper than that, but a global wealth tax to address his primary empirical claims?

I can’t say much more beyond the reception it’s received in the U.S. by certain people has gotten my guard up.

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