One more take on the specious nature of the left wing hero likened to Keynes

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One more take on the specious nature of the left wing hero likened to Keynes

2014 Apr 28, 1:02am 992 views 9 comments

http://mises.org/daily/6736/Thomas-Piketty-on-Inequality-and-Capital

The U.S. edition has been published by Harvard University Press and, remarkably, is leading the best seller list; the first time that a Harvard book has done so. A recent review describes Piketty as the man who exposed capitalisms fatal flaw. So what is this flaw? Supposedly under capitalism the rich get steadily richer in relation to everyone else; inequality gets worse and worse. It is all baked into the cake, unavoidable. To support this, Piketty offers some dubious and unsupported financial logic, but also what he calls a spectacular graph of historical data. What does the graph actually show?...

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indigenous 2014 Apr 28, 1:02am

"In 1936, a dense, difficult-to-read academic book appeared that seemed to tell politicians they could do exactly what they wanted to do. This was Keynesâ€™s General Theory. Pikettyâ€™s book serves the same purpose in 2014, and serves the same short-sighted, destructive policies."

2 control point 2014 Apr 28, 2:10am

Please post a picture of your personal copies of "General Theory" and "Capital in the Twenty-first Century." Includes a post-it note on each with your screen name, indigenous.

There might be a significant difference between what indigenous thinks of each, and what indigenous read on mises.org of what he should think of each.

Thanks.

indigenous 2014 Apr 28, 2:16am

control point says

There might be a significant difference between what indigenous thinks of each, and what indigenous read on mises.org of what he should think of each.

And what might those be?

4 control point 2014 Apr 28, 2:24am

indigenous says