Progressive folk hero economist Piketty accused of using flawed data

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http://twitter.com/#!/Matthops82/status/469921893261131776

A book written by French economist Thomas Piketty, “Capital in the Twenty-First Century,” has served as an inspiration to progressives calling for wealth redistribution. However, an analysis by the Financial Times found problems with Piketty’s inequality data:

http://twitter.com/#!/ChrisGiles_/status/469905856671543297

The Financial Times found that Piketty’s book uses “cherry-picked” data and contains “a series of errors that skew his findings.”

http://twitter.com/#!/colbycosh/status/469904688553283585
http://twitter.com/#!/TimMontgomerie/status/469909019126427649
http://twitter.com/#!/DLoesch/status/469921154338398208

Progressives such as Elizabeth Warren and Paul Krugman have hailed the “evidence” Piketty presented in his book which they say supports a call to redistribute the wealth of people not named Elizabeth Warren and Paul Krugman.

http://twitter.com/#!/EWErickson/status/469920636484468736
http://twitter.com/#!/Matthops82/status/469922345834921986
http://twitter.com/#!/JoshZumbrun/status/469918874058911745
http://twitter.com/#!/NolteNC/status/469920353398308864

Some are judging without knowing, according to Vox’s Matt Yglesias:

http://twitter.com/#!/mattyglesias/status/460229389826134016

But…

http://twitter.com/#!/EWErickson/status/469921068267102208

It’ll all probably be “Voxsplained” very soon:

http://twitter.com/#!/verumserum/status/469920405017595904

Piketty has responded:

http://twitter.com/#!/FerdiGiugliano/status/469906317508112384

Possible explanation for the alleged discrepancies in Piketty’s data?

http://twitter.com/#!/DrewMTips/status/469908155191681024

Ha!

Read more: http://twitchy.com/2014/05/23/took-lessons-from-climate-scientists-progressive-folk-hero-economist-piketty-accused-of-using-flawed-data/

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