Branko Milanovic — There Is Only One Real Issue That Piketty Must Explain

In conclusion, the only real issue is why Piketty adjusted the data for several years differently, whether it is explained in the files, whether that explanation is reasonable, and if it is not explained, whether he can provide one. Out of the three "classes" of issues raised by FT, only the second has some validity. So far.

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There Is Only One Real Issue That Piketty Must Explain
Branko Milanovic | Visiting Presidential Professor and Senior Scholar in CUNY's Luxembourg Income Study center, and formerly the lead economist in the World Bank's research division