[Marxism] Off With Their Heads, Thomas Piketty Edition » CounterPunch: Tells the Facts, Names the Names

Louis Proyect lnp3 at panix.com
Tue May 27 12:00:28 MDT 2014

A profoundly misguided and tedious bit of social misdirection was 
unleashed last Friday when FT (Financial Times) reporter Chris Giles 
published an ‘expose’ of alleged errors in Thomas Piketty’s research for 
his book Capital in the Twenty-First Century. Mr. Piketty made his 
research available to the public to be examined and there is no issue 
taken here with Mr. Giles or anyone else looking through it to any 
extent they care to and pointing out perceived errors. However, to the 
apparent legions of uninitiated, Thomas Piketty was decades late in 
reporting growing wealth concentration amongst the already wealthy. 
Regardless of whether there were errors in his research a copious amount 
of other research showing essentially the same tendencies he identified 
is available to anyone who cares to look. In fact, a lot of the griping 
from the economic left, such as it is, was that it took Mr. Piketty 
putting his research into the wholly improbable frame of mainstream 
economics before ‘income inequality’ went mainstream as a political issue.


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