Saturday, May 24, 2014

Philip Pilkington — Has Thomas Piketty Pulled a Reinhart and Rogoff?

Perhaps Piketty has mucked up some of the figures. But his is not the only study dealing with this issue. In that sense, I don’t think that this is a Reinhart and Rogoff moment that discredits the underlying thesis of Piketty’s book. Rather I think that it is just another lesson in data analysis for us all. Lies, lies and damned statistics, as they say.
Fixing the Economists
Has Thomas Piketty Pulled a Reinhart and Rogoff?
Philip Pilkington

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