Saturday, April 26, 2014

Solow On Piketty

Nobel Prize winner Robert Solow gives him a very favorable review. See Thomas Piketty Is Right. But this part is interesting.

"He is quite aware that the underlying assumptions could turn out to be wrong; no one can see a century ahead. But it could plausibly go this way."

That does not seem like a strong enough endorsement to go with very high wealth and income taxes.

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