The Financial Times (FT) has precipitated a long-anticipated storm about the validity of the statistical methodology used by Thomas Piketty to support his argument in Capital in the 21st Century for an increase in taxation on the very wealthy. FT…
Day: May 24, 2014
If price doesn’t work in service economies, you need a robust theory of value
On Wednesay, a comment by Professor John Kay in the FT about the frustration among students of economics called for the profession to address key issues rather than technical models. But what is the key issue economics should address? Followers…