dnelson

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My take on the Acemoglu-Robinson critique of Piketty

A couple of days ago Daron Acemoglu and James Robinson published a critique of Piketty’s <i>Capital in the 21st century</i>. It is published here. Because of …

Tyler Cowen on global inequality

Tyler Cowen sounds a bit like Voltaire's Pangloss when he argues, as the <i>New York Times</i> headline puts it, that we are living "all in all, [in] a more …

Piketty’s two laws | VOX, CEPR’s Policy Portal

Thomas Piketty has recently drawn worldwide attention with the proposition that the disparity between wage earners and capital owners is increasing, …

Piketty’s ‘Second Law of Capitalism’ vs. standard macro theory | VOX, CEPR’s Policy Portal

Over the last several weeks, we have thought quite a bit about the main message in Thomas Piketty’s now world-famous book, Capital in the …

Housing in the twenty-first century

OVER the last few days a couple of interesting critiques of Thomas Piketty's "Capital in the Twenty-First Century" have been published, by Matt …

Why does inequality grow? | VOX, CEPR’s Policy Portal

Over the past couple of years, the OECD has highlighted the rapidly widening income dispersion in OECD countries (see e.g. OECD 2008, OECD 2014). The …

The Honest Broker: Mr. Piketty and the “Neoclassicists”: A Suggested Interpretation: For the Week of May 17, 2014

Mr. Piketty and the “Neoclassicists”: A Suggested Interpretation<p>J. Bradford DeLong<p>U.C. Berkeley and NBER :: delong@econ.berkeley.edu :: …

Grasping Reality with Both Hands: bradford

<b>Over at Equitable Growth:</b> Matt Rognlie has a first-rate exposition of his critique of Piketty:<p><b>Matt Rognlie:</b> A note on Piketty and diminishing returns …

Plots and Subplots in Piketty's Capital

Thomas Piketty's Capital in the Twenty-First Century is a hefty 700 pages long, but if one were to collect together all reviews of the book into a …

Piketty and Marx: Where They Disagree

Thomas Piketty’s <i>Capital in the Twenty-First Century</i> is as much a sociological as an intellectual phenomenon. Like Allan Bloom’s 1987 <i>The Closing of</i> …

Educating Brad DeLong

Brad DeLong writes:<p>Department of “Huh?!”–I Don’t Understand More and More of Piketty’s Critics: Per Krusell and Tony Smith<p>As time passes, it seems to …

Nit-Piketting continued

Debraj Ray’s original review of Piketty’s book was, appropriately, called “Nit-Picketty.” His reply to my critique of his critique, published here, …

Ray on Milanovic on Ray on Piketty

Branko Milanovic has commented in some detail on a recent post of mine, about Piketty's <i>Capital in the Twenty First Century.</i> My initial urge was not …

Plots and Subplots in Piketty's <i>Capital</i

Plots and Subplots in Piketty's <i>Capital</i><p>Thomas Piketty's Capital in the Twenty-First Century is a hefty 700 pages long, but if one were to collect …

Department of “Huh?!”–I Don’t Understand More and More of Piketty’s Critics: Per Krusell and Tony Smith

As time passes, it seems to me that a larger and larger fraction of Piketty’s critics are making arguments that really make no sense at all–that I …

Where I disagree and agree with Debraj Ray’s critique of Piketty’s Capital in the 21s Century.

Two people whose opinion I hold in very high esteem have told me, “Read Debraj Ray’s critique of Piketty; It is the best written yet.” I have read it …

The Top of the World

An ambitious study documents the long-term reign of the 1 percent<p>Doug Henwood<p>The core message of this enormous and enormously important book can be …

Why Everyone Is Obsessed With This Academic Book on Economics

Sometimes a relatively dense academic book breaks out of the Ivory Tower and takes the world by storm. Such is the case with French economics …

Grasping Reality with Both Hands: bradford

Grasping Reality with Both Hands: bradford

Capital Eats the World

In their essay last fall on the state of economics, Seth Ackerman and Mike Beggs charged that today’s mainstream is irredeemably captured by …

Economist's View

I thought it would be useful to have this note from Jamie Galbraith posted so it can be linked, discussed, etc.:

The Inequality Puzzle

<b>Capital in the Twenty-First Century by Thomas Piketty; Translated by Arthur Goldhammer • Belknap/Harvard University Press • 2014 • 696 pages • …

Criticisms of Piketty

There has been much discussion of Thomas Piketty’s new book, Capital in the 21st Century. Some of the criticisms I agree with, and some I do not.<p>The …

The Perils of Piketty

<i>In order to get an expert look into the controversy over Thomas Piketty’s work and the Financial Times’ exposé of the errors and “constructs,” I</i> …

Piketty nitpicking: don't rush to discard his case

<b>What is the ordinary reader to make of the allegation that Thomas Piketty has used false data in his analysis of wealth inequality? John Quiggin says</b> …

Piketty’s ‘errors’ aren’t mistakes: They’re questions, and he answered them

Thomas Piketty thinks the Financial Times knows nothing of his technical work.<p>That's the Cliff Notes version of his 4,400-word response to the criticisms the Financial Times leveled against the data in his best-selling book "Capital in the Twenty-First Century." Piketty says that even though he …

Global income distribution since 1988 | VOX, CEPR’s Policy Portal

The period between the fall of the Berlin Wall and the Great Recession saw probably the most profound reshuffle of individual incomes on the global …

The chartbook of economic inequality | VOX, CEPR’s Policy Portal

Inequality – long ignored – is now centre stage in debate about economic policy around the globe. The 2007-2008 collapse of the global financial …