Piketty - Capital in the Twenty-First Century [34e071e5]
Tags: books, finance, economics
1. Introduction
1. Introduction
- Frames the discussion around wealth issues
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Attempts to pull together data
1.1. History
1.1. History
- Talks about malthus and his consideration of too many peasants
- arthur young
- david ricardo
- marx and the prediction of industrial aggregate wealth
- simon kuznets
1.2. Conclusions
1.2. Conclusions
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Piketty states that inequality is not necessarily an unstable state
- path dependency exists, inequality can reduce over time or increase over time
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also states that modern american economists are too infatuated with mathematics and physics
Hence they must set aside their concept for other disciplines and their absurd claim to greater scientific legitimacy, despite the fact that they know almost nothing about anything