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?
yep,
ReplyDeleteHe obviously hasn't read the book.
Inequality falling in all countries?
Evidence