A Latter-Day Jacobin with a Lot of Data

  title={A Latter-Day Jacobin with a Lot of Data},
  author={H. H. Gissurarson},
  journal={Journal of Ayn Rand Studies},
  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
1 Citations

Figures from this paper

The Literature on Piketty
  • 16


Director's Law of Public Income Redistribution
  • G. Stigler
  • Economics
  • The Journal of Law and Economics
  • 1970
  • 361
About Capital in the Twenty-First Century
  • 5,311
  • PDF
Anarchy, State, and Utopia
  • 4,164
Anarchy, State, and Utopia
  • 2,176
A dead end
  • 37
  • Highly Influential
Indianapolis : Liberty Fund . The World Top Incomes Database . n . d
  • 1880
Piketty findings undercut by errors
  • An Essay on the Principle of Population
  • 2014
Piketty’s numbers don’t add up
  • Wall Street Journal (14 May). Forbes billionaires: Full list of the world’s 500 richest people. 2014. Online at: http://
  • 2014