Dan Kervick — Let’s End the Confusion over Piketty’s “Second Fundamental Law”

A great deal of unnecessary confusion continues to surround Thomas Piketty’s Second Fundamental Law of Capitalism. I have already dealt with the most common source of confusion here, and refer the reader to that post. But the same misreading has reappeared frequently in the ongoing debate over Piketty’s Capital in the Twenty-First Century, so it is worth returning to the topic briefly.

Rugged Egalitarianism
Let’s End the Confusion over Piketty’s “Second Fundamental Law”
Dan Kervick