Dan Kervick — Piketty’s Second Fundamental Law and Some Fallacious Reasoning about Savings

Fallacious arguments springing from careless reading of Thomas Piketty’s Capital in the Twenty-First Century continue to abound. This note is aimed at clearing up one especially tricky and seductive type of fallacy.

Rugged Egalitarianism
Piketty’s Second Fundamental Law and Some Fallacious Reasoning about Savings
Dan Kervick