Thursday, May 15, 2014

Martin Feldstein — Piketty's Numbers Don't Add Up


Martin Feldstein's critique of Thomas Piketty is behind the paywall at WSJ, which I don't link to for other reasons as well, chiefly because it is a Murdoch mouthpiece that cannot be trusted anymore than any of his other properties.

Here is a link.

Economic Policy Journal
Martin Feldstein: Piketty's Numbers Don't Add Up
Posted by Robert Wenzel

1 comment:

Anonymous said...

Piketty does consider the issue of taxes and transfer payments, but argues that they mostly amount to a redistribution from the middle to the middle, and so don't greatly affect the overall distribution.

But if conservatives now agree that inequality can be combated via redistributive tax and spending policies, great. Redistributive taxation is Piketty's central policy proposal.