Still More on the Piketty Wars

Responding to Piketty's response (linked here) to the charges raised by the Financial Times, Chris Giles notes that there remain concerns with Piketty's presentation: There are a few things on which we agree. First, the source data on wealth inequality is poor. I have written that it is “sketchy” and Prof Piketty says it is “much …

Paul Krugman Remains as Arrogant and Epistemically Closed as Ever

Don't believe me? Read this, in which he reviews Thomas Piketty's new book and says the following: So what’s a conservative, fearing that this diagnosis might be used to justify higher taxes on the wealthy, to do? He could try to refute Mr. Piketty in a substantive way, but, so far, I’ve seen no sign …

Picking Some More at Piketty

One of the interesting aspects of Thomas Piketty's Capital in the Twenty-First Century is the way in which the tome makes use of literary allusions from Jane Austen and Honoré de Balzac to make Piketty's points about income and social mobility. I am fine with using literary allusions when they fit, but while Piketty may …