A Latter-Day Jacobin with a Lot of Data

@article{Gissurarson2014ALJ,
  title={A Latter-Day Jacobin with a Lot of Data},
  author={H. H. Gissurarson},
  journal={Journal of Ayn Rand Studies},
  year={2014},
  volume={14},
  pages={281 - 290}
}
Piketty underestimates the disposable income of the poor, while he overestimates the corresponding income of the rich, for systemic reasons. Recently, global income inequality has gone down. Piketty’s belief that in the long run the rate of return for capital will surpass economic growth is not plausible. Capital tends to disperse, and the creative powers of capitalism, leading to economic growth, should not be underestimated. Piketty is worried about the superrich, but he should rather be… Expand
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