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| ca8eeba | One of the biggest advocates on behalf of Piketty is the American Nobel Prize winner Paul Krugman, who is responsible for a large part of the Piketty hype. To be sure, Piketty argues in such a neoclassical manner that Krugman, a so-called neo-Keynesian, is also forced to criticize him. Nonetheless, Krugman is full of praise for Piketty's book, since he hopes that the striking development of inequality it documents must provoke a will to cha.. | Stephen Kaufmann | ||
| 7c51e81 | That is how the critique of Doug Henwood, David Graeber and others can be understood. 'The major frustration of the book is political', writes Henwood, publisher of the American newsletter Left Business Observer and author of Wall Street: How It Works and for Whom.32 Piketty does not deal with the question of which political forces affect inequality and the wage ratio. Piketty ignores 'the most obvious' reason for the lower capital-income r.. | Stephen Kaufmann |