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Let's be clear that Thomas Piketty's book has been thoroughly refuted, not in some minor way, but Thomas claimed that all he did was objectively looked at the d
by boona 11y ago
Let's be clear that Thomas Piketty's book has been thoroughly refuted, not in some minor way, but Thomas claimed that all he did was objectively looked at the data, and that the conclusion simply showed itself. Unfortunately he cherry picked data, and fabricated bits of history to make it fit his claim. The following paper does a great job of completely dismantling it.
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2543012 http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2543012
Not to mention that most people haven't even read past the first few pages of the book, and yet they quote it.
http://www.telegraph.co.uk/finance/economics/10951407/Has-anyone-finished-Thomas-Pikettys-Capital-in-the-21st-Century.html http://www.telegraph.co.uk/finance/economics/10951407/Has-an...
- eli_gottlieb 11y agoSo, just to be clear here, the refutation to Piketty was published in the Journal of Private Enterprise by a policy professor from George Mason University and another author from the Institute for Energy Research? Or in other words, it was published in the Libertarian Journal of Libertarianism by a libertarian academic and a libertarian think-tanker at a libertarian think-tank, funded by the Koch Brothers[1]? This really doesn't pass the smell test. [1] -- http://www.sourcewatch.org/index.php/Institute_for_Energy_Research http://www.sourcewatch.org/index.php/Institute_for_Energy_Re...
- boona 11y agoInstead of smelling it, it may make more sense to actually read the arguments. ;)