Excerpt
Excerpt
Thomas Piketty Is Right About the Past and Wrong About the Future. Lawrence Summers, May 16, 2014, Opinion. "Once in a great while, a heavy academic tome dominates for a time the policy debate and, despite bristling with footnotes, shows up on the best-seller list. Thomas Piketty’s Capital in the Twenty-First Century is such a volume. As with Paul Kennedy’s The Rise and Fall of the Great Powers, which came out at the end of the Reagan Administration and hit a nerve by arguing the case against imperial overreach through an extensive examination of European history, Piketty’s treatment of inequality ..." Link verified August 21, 2014