Thomas Piketty’s Capital in the 21st Century was supposed to be the definitive condemnation of capitalism as an anti-social engine of inequality, but the closer his work is examined, the more unreliable it turns out to be. Phil Magness tells the truth in today’s episode!
About the Guest
Phil Magness is academic program director at the Institute for Humane Studies at George Mason University, and he also teaches at the University’s School of Public Policy.
Guest’s Website
Guest’s Twitter
Paper Discussed
“Challenging the Empirical Contribution of Thomas Piketty’s Capital in the 21st Century,” by Phillip W. Magness and Robert P. Murphy (PDF)
Book by the Guest
Colonization After Emancipation: Lincoln and the Movement for Black Resettlement
Book Discussed
Capital in the 21st Century, by Thomas Piketty
Related Episode
Ep. 159: Piketty’s Problems (Bob Murphy)
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