Thursday, May 15, 2014

Matt Bruenig — What Larry Summers Gets Wrong On Piketty's 'Capital'



Seems that Sumers did not read Piketty carefully, or he is dissembling. Dan Kervick criticized Summer's take on Piketty similarly.

Demos Policyshop
What Larry Summers Gets Wrong On Piketty's 'Capital'
Matt Bruenig

1 comment:

Anonymous said...

Yeah, I think Summers probably just did not read Piketty very carefully.

This was Summers last month when Piketty came to speak at Harvard:

http://www.ibtimes.com/larry-summers-inequality-subject-worthy-yawns-1579134

Also his review contains a subtext of resentment. He's wondering why Piketty is all the rage, and nobody is paying that much attention to his secular stagnation stuff.

Summers and DeLong seem to be working overtime to try to resuscitate Summers's reputation and prepare him for another gig in an H.R. Clinton administration.