Saturday, November 29, 2014

Picking on Piketty

Much has been written about the weighty bestseller: Thomas Piketty’s Capital in the Twenty-First Century.

For brief, column-length responses that take the other side, consider, e.g. the great Richard Epstein:

The Piketty Fallacy

Piketty's Rickety Economics 

And now, a comprehensive and lengthy review, that, as expected, is an economic education - nay, an education - in itself. For those who are by nature sympathetic to Piketty’s assessment and conclusions, think more clearly about the revolutionary political and economic change in the world over the last two centuries. A better critique, after all, deserves a better initial understanding:

 Measured, Unmeasured, Mismeasured, and Unjustified Pessimism: A Review Essay of Thomas Piketty’s Capital in the Twenty-First Century Deirdre Nansen McCloskey