Friday, June 13, 2014

Can someone please explain this to me?

Well this is weird:   Adam Creighton has written a column in which he sounds pretty convinced by Piketty's book, which is probably causing several Right wing economists to wonder whether he's suffered a recent bump on the head. 

But in the very last paragraph, he says:
The deeper question is whether all this matters. Inequality in all countries has been falling. Also, Marx’s premise — falling real wages — was being refuted at the very time he was writing Das Kapital in the 1860s.
Wasn't the point of Piketty's work that there is strong evidence of rising inequality in the West, at least?  And that the Financial Times efforts to claim he had made serious mistakes had pretty much fallen on its face? 

1 comment:

not trampis said...

yep,

He obviously hasn't read the book.

Inequality falling in all countries?

Evidence