Why Are Economists Giving Piketty the Cold Shoulder?

7/17/2019

In this article, the author discusses the reception and critique of Thomas Piketty's book 'Capital in the Twenty-First Century' within the field of economics. The author highlights the controversy and backlash the book received from some economists, despite its groundbreaking analysis on wealth inequality. The article explores potential reasons for this skepticism, including ideological differences and methodological concerns. It argues that the resistance to Piketty's work reveals a deeper disconnect between mainstream economists and the reality of rising inequality. Ultimately, the author suggests that economists should engage more seriously with Piketty's research in order to address the pressing issue of economic inequality.

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