Why I'm Skeptical About Piketty

Like many of you, I am yet to read Capital in the 21st Century but have grazed a number of reviews and write-ups about it. Here’s why I’m approaching the book with some skepticism.

 

The book’s thesis is that returns to capital (r) have been greater than growth of the economy (g), and that this relationship will continue, causing wealth (and thus inequality) to continue to grow.

 

Privatisation, the panacea.

mmghosh's picture

Introducing our soon-to-be new Prime Minister, supposedly winning a cakewalk, if his election campaigners are to be believed.  Starnge to imagine that this could come about so soon after the 2002 annus horribilis.

 

One Hundred Years of Open Thread

Jay C's picture

Sad to have to lead off with an obituary, but famous (and by this point in time, probably now-archetypal) Latin American author Gabriel Garciá Marquez has died at age 87.

 

Open Thread!

Income inequality is a hot topic among intellectuals. You've got Thomas Piketty's new book this month. You've got a new think tank this year, The Washington Center for Equitable Growthfounded to accelerate cutting-edge analysis into whether and how structural changes in the U.S. economy, particularly related to economic inequality, affect economic growth.

 

Its a mad world Open Thread

mmghosh's picture

 

 

 

Hiding the baby from arrest  (my emphasis)

The family of a Pakistani baby charged with attempted murder say they have been forced into hiding after coming under intense pressure from the police, who are facing national humiliation over the incident.

---

I call it: "Open Thread With Two Goats Wearing Sweaters"

 

Hey, goats, what is that, cashmere? Ha ha ha ha heh.

A New Era Begins

As of now, Jay C, M Scott, and Jordan are officially the new moderators. In theory, their term will extend to December 27, 2014.

 

This is a long time, and from experience I can say that the job can be thankless, which makes it longer. Please then have a heart and give the guys as little work as possible.

 

It is also a good time for a round of thanks to our former moderators. They did a great job, and for longer than they expected too.

 

Moderator Elections

So, better late than never, here is a new chance for the community to choose those who will sustain, for the next nine months, the petty tyranny, abuse of power, arbitrary decisions, incompetent leadership, favoritism, fair, just, and representative governance of this here establishment.

 

Choose any three. Don't be too careful. Darts on a board should do just as well. You have till the 28th.

 

Note: If I missed anybody, or if anybody who is listed wants to be missed, be sure to let me know!

  • Current date: Thu, 04/24/2014 - 2:51am
  • Opening date: Mon, 11/29/1999 - 10:00pm
  • No closing date.
19 out of 428 eligible voters cast their ballot
Jay C
22% (12 votes)
M Scott Eiland
22% (12 votes)
Jordan
20% (11 votes)
M Aurelius
15% (8 votes)
mmgosh
9% (5 votes)
Catchy
7% (4 votes)
HankP
5% (3 votes)

This decision is currently closed.

This Open Thread is way better than all those other ones

Really, it's no contest. The other threads never had a chance.

Still deluded after all the intervention in AfPak.

mmghosh's picture

So the NYT has an extensive article about how Osama bin Laden was deliberately protected by the ISI, with the full knowledge of the State.

 

Syndicate content