Thomas Piketty Explains Why It Took Until Now For An Economist To Expose The Flaw In Capitalism http://huff.to/1jlDVWM (hint: USSR)
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@ryangrim I would swap 'finally mainstream economists get it' for 'mainstream economists took bribes from banks for years to lie' -
@matthewstoller he didn't say they didn't get it, said they were too cowardly/bribed to say what they knew outloud -
@ryangrim And that's why the core problem here is character, not data. And on that score, why are we celebrating those who were cowards? -
@matthewstoller who's celebrating cowards? -
@ryangrim That's what this whole Picketty reception is about, celebrating mainstream economists' ability to 'get it' on inequality -
@matthewstoller well, yeah, celebrating one of them, and his colleagues who helped. But I haven't seen mainstream economists embrace him yet -
@ryangrim Solow's growth model is taught to every econ undergrad & gave a glowing review TNR,,+ at least 4 Nobel Laureates@matthewstoller -
@Austerity_Sucks
@matthewstoller right, that's progress. It's not the whole profession. But I hope the whole profession comes along. - 21 more replies
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@ryangrim r > g can't go on forever. It just can't, mathematically. This whole episode is an orgy of the obvious and the stupid. -
@matthewstoller@ryangrim Ryan is actually changing his middle initial to a ">" so we'll see -
@dceiver@matthewstoller it's already w so i'd just have to tilt it a bit and smush it [corrected group!] -
@ryangrim@matthewstoller Very appropriate given that I have called for income inequality to be "tilted and smushed" (I am not an economist)
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