Understanding Paul Krugman on Thomas Piketty

Gentle readers, whenever Paul Krugman issues a defense of Thomas Piketty regarding the charges against the latter, by all means, be sure to read that defense. Be sure to consider its merits seriously. Be sure to closely and carefully examine the data Krugman might present in defense of his point and if Krugman actually makes a …

The Tragedy of Thomas Piketty

The latest Pikettian response to Giles's and Giugliano's assertions regarding the quality of Piketty's data and research is to accuse Giles and Giugliano of being "dishonest." (Hat tip in comments here.) I suppose this means that Piketty's is employing a classic I-am-rubber-and-you-are-glue-whatever-you-say-bounces-off-me-and-sticks-back-to-you defense, but there is little substance to the accusation; at best, Piketty can assert (without …

Of Joseph Stiglitz and Double Standards

Just out of curiosity, why hasn't this story generated more of a fuss? Columbia University economics professor Joseph Stiglitz, the liberal economist and scourge of the International Monetary Fund (IMF), has a long list of accomplishments. His curriculum vitae runs 56 pages, to be exact. It nonetheless omits a number of his speaking and consulting engagements …

Behold the “Moderate” Iranian Government

In all of its glory: An Iranian court convicted on Sunday the editor and a contributor of a banned newspaper over a series of charges, including lying about Islam and spreading anti-regime propaganda, reports said. The media watchdog banned the reformist Bahar daily in October 2013 after it published an article the authorities deemed as …

On Priorities and the Regime in Iran

They don't seem to get along: A red carpet peck on the cheek by Leila Hatami, the Iranian actress at the Cannes Film Festival has been reported to the country’s courts by activists who are seeking a public flogging as punishment for violating Islamic laws. Hizbullah Students, a group of university students with links to …

What the Piketty Errors Mean

Remember the Reinhart/Rogoff spreadsheet error? In the event that you do not, here is a summary. Those who follow debates between economists will recall that the spreadsheet error led to all kinds of excorations of Reinhart and Rogoff on the part of liberal economists, who claimed that Reinhart and Rogoff were responsible for austerity policies …

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