Piketty’s Three Big Mistakes
By Noah Smith
Mar 27, 2015 – http://www.bloombergview.com
Economics
“Piketty, remember, is the French economist who became a celebrity for his work on inequality. In his blockbuster book, “Capital in the Twenty-First Century,” he asserts that the rate at which capital owners’ wealth increases is almost always larger than the rate of economic growth. If that’s true, it means that the rich get richer, and wealth inequality never stops increasing. “