30 Sep '16, 4pm

Thomas Piketty’s Capital–A Book Review https://t.co/leu0wHVr1z

Thomas Piketty’s Capital–A Book Review https://t.co/leu0wHVr1z

This is where things get tricky, not just for Piketty but for the general reader, who simply wants to know whether he’s right. Let me cut to the chase and say that the evidence for rising wealth inequality is not nearly as clear as the evidence for rising inequality of incomes. Further, even some of Piketty’s biggest fans in the academic world have their doubts whether the forces pushing the economy in that direction are as strong as he suggests. Most would agree that the developed economies are likely to grow more slowly as their populations get older. This might have the “terrifying” consequences for wealth inequality that he suggests, but it’s also possible that slower growth will be as costly to the owners of capital as it is for everyone else. Their share of the total pie might even decrease.

Full article: https://dinmerican.wordpress.com/2016/10/01/thomas-pikett...

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