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Monday, June 02, 2014

DeLong's Department of “Huh?!”–I Don’t Understand Piketty’s Critics Per Krusall and Tony Smith

Brad DeLong:

Department of “Huh?!”–I Don’t Understand More and More of Piketty’s Critics: Per Krusall and Tony Smith, by Brad DeLong: As time passes, it seems to me that a larger and larger fraction of Piketty’s critics are making arguments that really make no sense at all–that I really do not understand how people can believe them, or why anybody would think that anybody else would believe them. Today we have Per Krusall and Tony Smith assuming that the economy-wide capital depreciation rate δ is not 0.03 or 0.05 but 0.1–and it does make a huge difference…

    Posted by on Monday, June 2, 2014 at 05:59 AM in Economics | Permalink  Comments (41)


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