Thomas Pikettys Flawed Analyses of Public Debt and Executive Compensation
By Donald J. Boudreaux
Capital in the Twenty First-Century suffers from erroneous assumptions about the burden of government borrowing and the rise in managerial productivity. These shortcomings reflect a larger, overarching failure in the book: its paucity of microeconomic analysis.
|Other Independent Review articles by Donald J. Boudreaux|
|Winter 2014/15||Mass Flourishing:How Grassroots Innovation Created Jobs, Challenge and Change|
|Winter 2011/12||Bourgeois Dignity:Why Economics Cant Explain the Modern World|
|Fall 2011||Peddling Protectionism:Smoot-Hawley and the Great Depression|
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