Abstract
This essay is a comprehensive and critical review of Thomas Pikettys Capital in the Twenty-First Century. It follows the flow of Pikettys argument carefully and literally and notes his many assertions that are unsupported or contradicted by economic logic and empirical evidence, particularly in the United States. The essay particularly questions the high real interest rate needed to support Pikettys model of growth and distribution, in stark contrast with the low and even negative real interest rates the United States has been experiencing for several years. The essay also summarizes the recent critiques of Pikettys arguments by other leading economists.
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