I’ve been dragged back into the Piketty melee by a review of Piketty from ‘New Institutional’ superstars Daren Acemoglu & James Robinson. Unsurprisingly, they focus on the institutional aspects of Piketty’s work, charging that his framework doesn’t pay much attention to institutions. I disagree…
Pieria: The Rise and Fall of Piketty CritiquesUnlearning Economics
A couple of days ago Daron Acemoglu and James Robinson published a critique of Piketty’s Capital in the 21st century. It is published here. Because of the renown of the authors, perhaps more than because of its intrinsic quality, it is a review worth reading. I read it today and my brief reaction to the three main critiques by Acemoglu and Robinson is as follows.…
