On 4/25/14 6:53 PM, michael yates wrote: > Palley's review of Piketty's book is pretty good. At last a left of > center economist lays out the theoretical foundation of the book, > which certainly has to be a primary consideration in assessing it. > Now no doubt the mainstream economists who have reviewed the book, > including Krugman, are well aware of these foundations, but they > accept them as obvious and see no need to delve into just how > problematic they are.
For what it's worth, I found out about the Palley article from an old friend who has a PhD in economics from Columbia University and who used to work at the World Bank. Now he is an analyst for the American branch of a European bank. He is of the left, but not a Marxist. So he has it figured out even if you would have assumed that he would agree with Piketty. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
