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John Bates Clark

Thomas Piketty's Model of Inequality and Growth in Historical Context (Part II)

Mary Manning Cleveland | Posted 09.23.2014 | Business
Mary Manning Cleveland

Critics have torn into Piketty's model. In my view, Piketty's and Solow's models are both fundamentally flawed in that they rest on the same ahistorical, apolitical, two-factor neoclassical foundation.