Something of a blow to Piketty’s thesis

posted by
April 21, 2016
Adam Smith Institute
by Tim Worstall  
Posted in Commentary

"The more research that gets done into the details of Thomas Piketty's thesis (essentially, wealth concentration will leave us all as serfs again) the more there seem to be great gaping holes in it. For example, a central piece of the logic is that wealth will pile up, this will be inherited, and that wealth inequality will thus get worse over the generations. We're not convinced that such a bourgeois world would be a bad one but that thesis does depend upon the idea that inheritance concentrates wealth. Which, apparently, it doesn't ..." (04/21/16)  

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