Progressive folk hero economist Piketty accused of using flawed data
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!