tag:blogger.com,1999:blog-5687347459208158501.post3093927939597386107..comments2024-03-29T03:19:09.227-04:00Comments on The Philosopher's Stone: GUEST POST ON PIKETTY BY MY SONRobert Paul Wolffhttp://www.blogger.com/profile/11970360952872431856noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-5687347459208158501.post-29526745583117168442014-06-07T09:15:43.874-04:002014-06-07T09:15:43.874-04:00Have not read Piketty, but clearly the problem doe...Have not read Piketty, but clearly the problem does not lend itself to one big explanation, so cheers to Patrick for sussing that out<br /><br />R can easily be less than G, or both negative, but, in a kleptocracy, the oligarchs/rulers will take all the oxygen. <br /><br />In the end, the poor eat the rich, one way or another, and the cycle repeats. ChipTexhttps://www.blogger.com/profile/04794163077118216705noreply@blogger.comtag:blogger.com,1999:blog-5687347459208158501.post-84110384877952778252014-06-04T07:53:33.003-04:002014-06-04T07:53:33.003-04:00Really nice note, coming from MR -- where Alex als...Really nice note, coming from MR -- where Alex also showed how the Piketty assumptions about savings and depreciation replacement are so at variance with reality.<br /><br />On income at the top 0.1%, there should be more talk about restricting monopoly protection by the gov't against digital sharing ("intellectual property) for all works where at least one principal has received 100 years of median wages (about $5mil at the current median of about $51k)Tom Greyhttps://www.blogger.com/profile/15046612425809449502noreply@blogger.comtag:blogger.com,1999:blog-5687347459208158501.post-83837095087599998472014-06-04T03:49:48.352-04:002014-06-04T03:49:48.352-04:00Apologies for joining the discussion so late.
Whi...Apologies for joining the discussion so late.<br /><br />While I am satisfied with the author's argument that Piketty may have overestimated r, I have a question:<br /><br />The fact that wealth inequality has increased seems indisputable. Other researchers have confirmed this and, well, it actually seems evident from just reading the news.<br /><br />How does this fit with the author's critique? Maybe g was also exaggerated? Maybe current returns on investment are abnormally low?Magpiehttps://www.blogger.com/profile/07528637318288802178noreply@blogger.comtag:blogger.com,1999:blog-5687347459208158501.post-82545012087041917612014-06-02T05:24:00.543-04:002014-06-02T05:24:00.543-04:00This truly one of the more insightful reviews that...This truly one of the more insightful reviews that I have read of Piketty's work. Nicely written too. <br /><br />Perhaps at some point, Mr. PG Wolff could blog on the art and challenges of hedge fund managing. Jerry Fresiahttps://www.blogger.com/profile/01427077490696059928noreply@blogger.com