Thoughts on the first half of Piketty’s Capital

Posted: 2014/04/27 by Punkonomics (@dearbalak) in Links/Articles/Video

Bryan Alexander

Piketty_Capital_in_the_Twenty-First_Century_(front_cover) I’m halfway through Thomas Piketty’s Capital in the 21st Century .  It was some major implications for the future, including the future of education.

In this post I’d like to share some impressions of the book upon reaching its halfway point.  I don’t want to summarize it (Doug Henwood does the best job I’ve seen), but address some key elements of content and style.

Piketty’s style is fascinating, and helps enliven what could otherwise be a dry study of statistics.  He writes with humor, mocking his own profession:

[E]conomists like simple stories, even when they are only approximately correct (218)

[T]he discipline of economics has yet to get over its childish passion for mathematics and for purely theoretical and often highly ideological speculation (32)

…particularly when one belongs to the upper centiles of the [wealth] distribution and tends to forget it, as is often the case with economists (267)


View original post 740 more words

  1. jamesrovira says:

    Thanks for posting about this… I just reblogged it myself.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.