Piketty

Archive for Piketty

Accounting for Capital and Income

In my latest EconLib article, I first walk through the basics of income and capital accounting. (Even if you think this is standard stuff, you might want to skim it because there are some subtleties.) Then I give three examples of how people often get mixed up about what the empirical evidence means. In particular, […]

Potpourri

==> My new Mises CA post catches NPR sounding surprisingly Rothbardian. They need Gene Callahan to vet their broadcasts. ==> Vijay Boyapati discusses his view of Austrian monetary theory and Bitcoin. ==> I know this can’t possibly lend credibility to the people saying the US government has been experimenting with weather control, but anyway… ==> […]

Potpourri

==> My latest Mises CA blog post goes back to the issue of “productivity” versus labor compensation. ==> Cory Massimino also opposes the shooting of cops in pizza places. ==> Rognlie has the longest “Note” you’ve ever seen, dissecting Piketty’s argument in terms of estimates of elasticity from the literature. ==> This Noah Smith post […]

DeLong and Krugman Have a High Rate of Deprecation (sic)

We also would have accepted, “Why oh why can’t we have better Keynesian bloggers?!” This isn’t worth me writing up in another outlet, but I know some of you like this petty stuff… (I sure do.) ==> Some of you may remember that Krussell and Smith wrote up a Note on Piketty, explaining why his […]

More Piketty Stuff

==> Piketty only regrets not jacking those trend lines up even more, because of the blockbuster March 2014 PowerPoint. ==> Scott Winship clarifies just how ambiguous the data really are, notwithstanding Krugman’s recent “denier” finger-wagging. ==> Speaking of which, in that article Krugman linked to a Kopczuk paper to bolster Krugman’s claims that everybody knows […]

Scott Sumner Learns the Truth About Piketty Firsthand

I just love it when I see people first read Piketty and post their reactions (on FB or blogs) to the effect of, “Wait a second… Is he really saying that? Am I missing something?” Scott Sumner has such a post; this is truly the third such post I’ve seen from a college professor in […]

Full Review of Piketty’s Capital in the 21st Century

Carlos Lara and I put out a monthly financial magazine, the Lara-Murphy Report. In May I had a full-length review of Piketty. The best way I could think to showcase it here, was to do screen shots of the pages. So here ya go:

Yawn Two More Experts on Growth and Inequality Say Piketty Is Totally Wrong

Steve Landsburg links to this Note by Krussell and Smith on Piketty. These guys are experts in this field; for example here’s one of their joint papers on wealth and income inequality in the JPE. Short version of their current Note: Like Larry Summers, they claim that once you account for depreciation, Piketty’s whole case […]