Thomas Piketty has delivered a rebuttal to the FT’s claim he improperly manipulated data and drew wrong conclusions about the concentration of wealth in Capital in the 21st Century. In a technical appendix posted on his website on 28 May,…
Tag: Piketty
Storm builds over use of data by Piketty
The controversy about Thomas Piketty’s use of data in Capital in the 21st Century is producing more heat than light. It started on 23 May when the FT reported that figures used by Piketty had been manipulated and didn’t produce…
Piketty’s data get a well-deserved mauling from the FT
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…