Tag: Piketty
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What the Piketty-Financial Times Affair says about journalism and academia
Thomas Piketty has issued a response to the FT’s criticism claiming that bad computations and flawed estimates undermined the overall thesis of his book, namely that wealth concentration had increased. I have read the 10-page letter by Piketty and found it extremely convincing. Basically, he doesn’t give an inch, explaining each and every point that…