One of the more common complaints about Piketty’s model of capital inequality in Capital in the 21st Century is that it does not properly account for diminishing returns to the accumulation of…
Thomas Piketty borrowed a bunch of tools from my garage and used them irresponsibly. Steve Horwitz and I respond over at the Freeman this morning, with some thoughts about literature,…
Here’s a quick summary of the philosophical problems with Capital in the 21st Century, with links substantiating these claims. Increasing inequalities of income and wealth are problematic from a moral…
In this post, I will review Piketty’s democratic control argument, which holds that increasing wealth and income inequality make democratic control over society difficult, if not impossible, and that a…
We come to the normative argument that Piketty regards as the most important: that the great and increasing amount of wealth inequality is too easy to hide and so makes…
In my last Piketty post, I outlined Piketty’s arguments 2E and 2P, namely that patrimonial capitalism generates unjustified inequalities and that a global capital tax will contain those inequalities in…