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Critical remarks on Piketty's Capital in the Twenty-first Century

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  • Stefan Homburg

Abstract

This article discusses the central macroeconomic claims that are made in Thomas Piketty's book Capital in the Twenty-first Century . The article aims to show that Piketty's contentions are not only logically flawed but also contradicted by his own data.

Suggested Citation

  • Stefan Homburg, 2015. "Critical remarks on Piketty's Capital in the Twenty-first Century," Applied Economics, Taylor & Francis Journals, vol. 47(14), pages 1401-1406, March.
  • Handle: RePEc:taf:applec:v:47:y:2015:i:14:p:1401-1406
    DOI: 10.1080/00036846.2014.997927
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    References listed on IDEAS

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    1. Philippe Weil, 1987. "Love Thy Children," Post-Print hal-03393237, HAL.
    2. Odran Bonnet & Pierre-Henri Bono & Guillaume Chapelle & Etienne Wasmer, 2014. "Does housing capital contribute to inequality? A comment on Thomas Piketty’s Capital in the 21st Century," Sciences Po Economics Discussion Papers 2014-07, Sciences Po Departement of Economics.
    3. Stefan Homburg, 1991. "Interest and Growth in an Economy with Land," Canadian Journal of Economics, Canadian Economics Association, vol. 24(2), pages 450-459, May.
    4. Weil, Philippe, 1987. "Love thy children : Reflections on the Barro debt neutrality theorem," Journal of Monetary Economics, Elsevier, vol. 19(3), pages 377-391, May.
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    More about this item

    JEL classification:

    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • E - Macroeconomics and Monetary Economics
    • H24 - Public Economics - - Taxation, Subsidies, and Revenue - - - Personal Income and Other Nonbusiness Taxes and Subsidies

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