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

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  • Homburg, Stefan

Abstract

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

Suggested Citation

  • Homburg, Stefan, 2014. "Critical Remarks on Piketty's 'Capital in the Twenty-first Century'," Hannover Economic Papers (HEP) dp-530, Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät, revised Oct 2014.
  • Handle: RePEc:han:dpaper:dp-530
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    References listed on IDEAS

    as
    1. 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.
    2. 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.
    3. 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.
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    More about this item

    Keywords

    Capital; wealth; income distribution; taxes;
    All these keywords.

    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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    1. 二十一世紀資本論 in Wikipedia Chinese
    2. Капитал в XXI веке in Wikipedia Russian

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