Piketty's Rickety Assault on Capital

Author
Richard M. Salsman
Content Type
Journal Article
Journal
The Objective Standard
Volume
10
Issue Number
1
Publication Date
Spring 2015
Institution
The Objective Standard
Abstract
Thomas Piketty's Capital in the Twenty-First Century makes an important contribution to the economic history of industrialization since the early 18th century. His collection of data on the distribution of income and wealth around the globe, drawn mainly from tax records, surveys, and national reports, is rigorous and comprehensive; no one before has collected such credible material in this important sub-field of economics. Piketty is also to be credited for presenting the data in scores of easy-to-interpret graphs and for making it available online for those wishing to verify the presentation and/or investigate alternative empirical patterns.
Topic
Economics