Should We Count Out Piketty Due to Sum Math Errors?
While I am here in Paris reading Capital in the Twenty-First Century carefully, the book has dominated the headlines again. Having just spent a good deal of time thinking about its numbers (see my Dollars & Sense blog posts at http://www.dollarsandsense.org/blog), I thought it would be useful to reflect on the piece published this past weekend in the Financial Times.
There, Chris Giles provides a detailed and lengthy argument against Piketty. He claims there are many instances where Piketty has used the wrong numbers in making his calculations and …read more
From: Dollars & Sense Blog