Archive for Piketty
Potpourri
==> In my latest Mises CA post, I dig up an old Scott Winship article *defending* Piketty from the FT’s Chris Giles. Hilarity ensues. ==> Speaking of the man, Tyler Cowen links to this interview with Piketty who said of the FT critique: “I have responded in a very precise manner to every point they raised, […]
Read morePiketty Makes Up “Facts” and I’m the Bad Guy
I’m being cheeky in the title, but my irritation is real. Both ideological friends and foes have been chiding me for (in my paper co-authored with Phil Magness) focusing on trivial details, like Piketty getting the dates wrong for tax hikes and minimum wage increases. Big deal, Murphy! Focus on the inequality data. But Phil […]
Read morePhil Magness on the Tom Woods Show Discussing Our Piketty Paper
Tom does a good job of pulling out the news you can use. Here are the show notes for this episode, and here is the link to get the paper. The neat thing about this episode is even I learned something: At the end Tom asks Phil how he got interested in this. Phil answers […]
Read moreMy Response to Piketty’s Response to My Paper With Magness
At Mises CA. An excerpt: OK that is pretty astounding. I encourage readers who haven’t done so, to click on our paper and just read the short sections on the Hoover/FDR tax rates and the minimum wage discussion. If those were “typos,” then when Bill Clinton said he didn’t have sexual relations with Monica Lewinski, it […]
Read morePiketty Gives the Frenchie Response
Recall Jon Lovitz’s character “Frenchie” from SNL, who would say outrageous things and then say, “Oh I’m sorry, didn’t mean to offend anyone!” That is quite apropos for Thomas Piketty’s response to FoxNews when they asked him about the accusations Phil Magness and I made in our recent paper. “I am really sorry if I […]
Read moreUltra Magness and Optimus Murphy Fight Piketty
Phil Magness (GMU historian) and I have a working paper up, critiquing the empirical contribution of Thomas Piketty’s bestseller. If you religiously follow this blog, the stuff I added to the paper won’t be new, but when you combine it with what Phil dug up, I think it’s pretty compelling. If you have serious questions […]
Read moreEmanuel Derman FTW
Tyler Cowen linked to this symposium in the Guardian on Piketty’s success. Emanuel Derman’s response is awesome; here’s the latter half: [Economists] can’t agree on the efficacy of money printing or austerity. They keep changing their minds every few years about conventional wisdom while at every instant appearing to be certain that they are right. […]
Read morePotpourri
==> S4L response to Piketty. ==> So the government has been caught repeatedly lying about the extent of its NSA activities. I’m shocked. ==> Krugman has already explained that people oppose ObamaCare because they hate poor people. In this post he clarifies: It’s specifically poor *black* people the critics want to get sick and die. […]
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