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I am indeed arguing the claim has no merit, rather than simply dismissing it. Pikettys message (or at least your interpretation of it) is simply wrong. You nee
by yummyfajitas 11y ago
I am indeed arguing the claim has no merit, rather than simply dismissing it.
Pikettys message (or at least your interpretation of it) is simply wrong. You need more than r>g as simple math examples show:
https://www.chrisstucchio.com/blog/2014/piketty_and_inequality.html https://www.chrisstucchio.com/blog/2014/piketty_and_inequali...
(Piketty does have a paper where he provides sufficient, albeit wildly unrealistic, conditions where it is true. I.e. you need a lot more than r>g.)
I'm also arguing that brankovics data is more complete than pikettys, and invalidates it.
This is precisely an argument against rather than a dismissal. Dismissal is what the op did to brankovic - ignore the argument rather than show why it's wrong.