Some More Piketty Critiques

Let’s run through them:

  • Kyle Smith has six ways in which Piketty’s book fails the smell test. Many of the links have been already linked to by me, but it is nice and useful to have them in one convenient place.
  • Don Boudreaux notes that Piketty doesn’t seem to understand the impact of trade deficits. This has long been a pet peeve of mine.
  • This blog post points out that “the thesis that r > g is the explanation for inequality or an ominous predictor of future inequality is, to be blunt, ridiculous.”
  • And last but not least, there is the indispensable Richard Epstein, who absolutely rips Piketty’s book apart. Read the whole thing.

I remind you that according to Paul Krugman, we should take it as an article of faith that all critiques of Piketty’s book are wrong. But I also remind you that we needn’t listen to Paul Krugman.

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