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>it's hard to claim Piketty making mistakes without most probably being politically motivated to do so. Precisely. The media and punditry love to emphasize th
by hnnewguy 12y ago
>it's hard to claim Piketty making mistakes without most probably being politically motivated to do so.
Precisely. The media and punditry love to emphasize that economic models didn't see this or that crash, or can't explain this or that phenomena. Yet this guy writes an incredibly well researched, deep book, and the same people pile on because his conclusions don't model reality to a tee. Economics doesn't work that way. All researchers can do is attempt to get incrementally closer to "the truth".
We're going through some interesting times of awareness of wealth inequality globally, so both the "socialist" side and "capitalist" side have exaggerated his conclusions, and thus the guy can't stay out of the news.