Monday, May 12, 2014

Brad DeLong — Daily Piketty: Ummm... No... [Alex Tabarrok]

Alex Tabarrok: The Piketty Bubble?: "Piketty’s Capital is not very clear on how to distinguish...

...greater physical capital from higher asset prices. For the most part, Piketty discusses capital as something that builds up over time through savings...

Ummm... No. Simply no.
Grasping Reality with Both Hands
Daily Piketty: Ummm... No...
J. Bradford DeLong | Professor of Economics, UC Berkeley


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