Since its publication in 2014, the French economist’s international bestseller has drawn criticism for its claim that capitalism is responsible for rising wealth inequality. The flaws of its theoretical model derive from dubious unstated assumptions that undergird Piketty’s “two fundamental laws of capitalism.”
Some Fundamental Problems with Thomas Piketty’s Capital in the Twenty-First Century
By Juan Ramón Rallo
This
article
appeared in
the Spring 2018 issue of The Independent Review.
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