{"id":17328,"date":"2014-06-03T12:18:58","date_gmt":"2014-06-03T16:18:58","guid":{"rendered":"http:\/\/ssgreenberg.name\/PoliticsBlog\/?p=17328"},"modified":"2014-06-03T12:22:36","modified_gmt":"2014-06-03T16:22:36","slug":"pikettys-capital-in-the-twenty-first-century-shows-that-not-everything-in-mainstream-economics-is-worthless","status":"publish","type":"post","link":"https:\/\/ssgreenberg.name\/PoliticsBlog\/2014\/06\/03\/pikettys-capital-in-the-twenty-first-century-shows-that-not-everything-in-mainstream-economics-is-worthless\/","title":{"rendered":"Piketty\u2019s Capital in the Twenty-First Century shows that not everything in mainstream economics is worthless"},"content":{"rendered":"

Jacobin<\/em> has the article Piketty\u2019s Capital in the Twenty-First Century shows that not everything in mainstream economics is worthless<\/a>. I am not sure the headline is the best representation of what is in the article.<\/p>\n

Piketty suggests that the rise is a long-term structural trend \u2013 the outcome of decelerating population and productivity growth coupled with a profit rate (r) that stays steady. But what keeps r high? Piketty never explicitly says. This question is at the heart of the struggle over how to interpret his book.<\/p><\/blockquote>\n

Since I have not read the book yet, I have no idea if the reviewer is fairly representing what Piketty says.\u00a0 However, I think the review is an excellent discussion of this multifaceted issue, no matter what Piketty might have said.<\/p>\n

I learned about this review from a retweet by Murtaza Baxamusa<\/a> of John Schmitt’s tweet<\/a>.\u00a0 There may be other links in the comments on the tweet that are worth following up.<\/p>\n

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 <\/p>\n","protected":false},"excerpt":{"rendered":"

Jacobin has the article Piketty\u2019s Capital in the Twenty-First Century shows that not everything in mainstream economics is worthless. I am not sure the headline is the best representation of what is in the article. Piketty suggests that the rise is a long-term structural trend \u2013 the outcome of decelerating population and productivity growth coupled […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[166],"tags":[],"class_list":{"0":"post-17328","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-stevegsposts","7":"czr-hentry"},"_links":{"self":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/17328","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/comments?post=17328"}],"version-history":[{"count":3,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/17328\/revisions"}],"predecessor-version":[{"id":17331,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/17328\/revisions\/17331"}],"wp:attachment":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/media?parent=17328"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/categories?post=17328"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/tags?post=17328"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}