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Full Description
Thomas Piketty's book Capital in the Twenty-First Century has enjoyed great success, both among academics and the general public. Its influence on politics also cannot be denied. His book provided something people had waited for - a new scientific theory about wealth and inequality. However, there were . Anti-Piketty: Capital for the 21st Century collects those essential criticisms from twenty specialistseconomists, historians and tax expertswho provide scientific and rigorous arguments against Piketty's central theses. These researchers, who come from many countries and many backgrounds, examine the notions of inequality, growth, wealth and capital that Piketty treated in his book. They show in new ways how inequality did not explode, the rich are not rentiers but rather entrepreneurs who take risks and create millions of jobs, that wealth can not indefinitely grow faster than economic growth, and that radical taxation does not solve problems but aggravates them.
Contents
Preface (TBC) Jeffrey Miron Introduction Jean-Philippe Delsol and Emmanuel Martin Part 1. An Apocalyptic Vision Section 1. No Declining Inequality? 1. The Great Process of Equalization of Conditions by Jean-Philippe Delsol 2. Longevity, Education, and the Huge New Worldwide Increases in Equality by Nicholas Eberstadt Section 2. An Anti-Rich Bias 3. Where Are the "Super Rich" of 1987? by Juan Ramon Rallo 4. Piketty on Management and Wealth by Henri Lepage 5. The Sociology of Piketty's Anti-Rich Stance by Nicolas Lecaussin Section 3. No Capital for the Poor? 6. Piketty Gets It Wrong by Michael Tanner 7. Thomas Piketty's Great Contradiction by Juan Ramon Rallo 8. Piketty and Emerging Markets by Alvaro Vargas Llosa Part 2. Criticizing the Empirical Strength of Capital in the 21st Century Section 4. On Capital and Incomes: Questionable Data, Regrettable Omissions 9. Piketty's Numbers Don't Add Up by Martin Feldstein 10. The Rich, and Everyone Else, Get Richer by Richard Burkhauser 11. Is Housing Capital? by Henri Lepage 12. How to Inflate the Return of Capital by Jean-Philippe Delsol Section 5. Forging Statistics, Historical Inconsistencies 13. The Financial Times vs. Piketty by Chris Giles 14. Piketty Is Misleading about the Swedish Case by Malin Sahlen and Salim Furth 15. Challenging the Empirical Contribution of Thomas Piketty's Capital in the 21st Century by Phillip W. Magness and Robert P. Murphy Part 3. Theory and Policy Section 6. The Dangers of the Historicist Method 16. The Rise and Decline of the General Laws of Capitalism by Daron Acemoglu and James A. Robinson 17. Get Real: A Review of Thomas Piketty's Capital in the 21st Century by Donald J. Boudreaux Section 7. What Can We Conclude From 18. Capital, Returns, and Risk: A Critique of Thomas Piketty's Capital in the 21st Century by Randall Holcombe 19. Piketty's World Formula by Hans-Werner Sinn 20. A Controversial Assumption by Henri Lepage 21. An Infinite Growth of Large Fortunes? The Limits of Mathematics by Jean-Philippe Delsol Section 8. Taxation: Consequences of Piketty's Policies and Alternative Reforms. 22. Piketty's Plan for Equality Would Reduce Personal Freedom and Undermine Growth by James A. Dorn 23. Tax Reform: Not the Piketty Way by Jean-Philippe Delsol and Nicolas Lecaus