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I recommend reading what Paul Krugman has to say on the FT piece: http://krugman.blogs.nytimes.com/2014/05/24/is-piketty-all-wrong/ http://krugman.blogs.nytime
by sd8f9iu 12y ago
I recommend reading what Paul Krugman has to say on the FT piece:
http://krugman.blogs.nytimes.com/2014/05/24/is-piketty-all-wrong/ http://krugman.blogs.nytimes.com/2014/05/24/is-piketty-all-w...
- alexeisadeski3 12y agoI recommend reading what Tyler Cowen has to say on the FT piece: http://marginalrevolution.com/marginalrevolution/2014/05/what-do-the-piketty-data-problems-really-mean.html http://marginalrevolution.com/marginalrevolution/2014/05/wha...
- SilasX 12y agoHow so? Having read it, can you explain his points and their importance so readers can know it's worth reading further?
- bermanoid 12y agoIn math, there are many "proofs" that 1 = 2. Going through them and picking them apart is a useful exercise, and can expose misunderstandings and mistakes that are important to be aware of. But at the end of the day, nobody really seriously considers that 1 actually equals 2, it's too at odds with everything else we know. This article is saying that it's possible the FT piece found a valid nitpick, but that the conclusion they're fighting against (rising wealth inequality) is backed up far too strongly by other independent sources for a nitpick to damage it at all.