Let’s Teach People Not To Care If They Can’t Feed Their Families

Garett Jones, writing, in Reason, about Thomas Piketty’s new study of capitalism and income inequality, Capital in the Twenty-First Century.

In Capital in the Twenty-First Century, the French economist Thomas Piketty claims to have uncovered “the central contradiction of capitalism.” When a major scholar like Piketty—a man who has made genuine contributions to empirical economics—makes such a bold claim, it deserves to be taken seriously.

That’s the opening paragraph. He then proceeds, for the next two pages, not to take Piketty seriously.

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