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Tuesday, November 18, 2014

How Piketty Has Changed Economics

I have a new column:

How Piketty Has Changed Economics: Thomas Piketty’s Capital in the Twenty-First Century is beginning to receive book of the year awards, but has it changed anything within economics? There are two ways in which is has...

I'm not sure everyone will agree that the changes will persist. [This is a long-run view that begins with Adam Smith and looks for similarities between the past and today.]

Update: Let me add that although many people believe that the most important questions in the future will be about production (as it was in Smith's time), secular stagnation, robots, etc., I believe we will have enough "stuff", the big questions will be about distribution (as it was when Ricardo, Marx, etc. were writing).

    Posted by on Tuesday, November 18, 2014 at 08:28 AM in Economics, Methodology | Permalink  Comments (71)


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