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Thomas Piketty’s Flawed Analyses of Public Debt and Executive Compensation
Originally published in The Independent Review
Capital in the Twenty First-Century suffers from erroneous assumptions about the burden of government borrowing and the rise in managerial productivity. These shortcomings reflect a larger, overarching failure in the book: its paucity of microeconomic analysis.
Capital in the Twenty First-Century suffers from erroneous assumptions about the burden of government borrowing and the rise in managerial productivity. These shortcomings reflect a larger, overarching failure in the book: its paucity of microeconomic analysis.
Read more at Indpendent.org.
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