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Gates, and Piketty, would benefit from considering the insights of the Austrian school of economics, instead of accepting then regurgitating Marx & Engels with
by mkempe 12y ago
Gates, and Piketty, would benefit from considering the insights of the Austrian school of economics, instead of accepting then regurgitating Marx & Engels with a veneer of civilized discourse. Neither seems to have read a single page of Ludwig von Mises or Eugen von Böhm-Bawerk. Piketty certainly quotes Marx ad nauseam.
George Reisman has offered a thorough critique [1] of Piketty's arguments -- arguing across a range of topics, from David Ricardo's insights in the role and formation of capital to the meaning and value of inequality in both income and wealth.
[1] http://georgereismansblog.blogspot.com/2014/07/pikettys-capital-wrong_28.html http://georgereismansblog.blogspot.com/2014/07/pikettys-capi...
- chippidysan 12y agoThe majority of these comments are "tax the rich!" with no regard to current government spending trends. Oh and the obligatory, "BUT WHO WILL BUILD THE ROADS!?"
- nandemo 12y agoThanks, that's a much more interesting review than Bill Gates'.