Thanks a lot. It is annoying that we can't see Piketty's answer without this popup.
I seriously hate the way this has been reported. No one seems to care about the facts or numbers. All news seem to be "The commie was wrong!" without even trying to explain what the criticism is about.
When I see the FT)reconstructed charts, I have a hard time accepting the notion that his errors were significant. He himself explains that he tries to track a quantity that is hidden from public view by using several indirect indicators. It is doomed to be approximate, but I don't see anything like a contradiction in this article. Just a mere correction.
I seriously hate the way this has been reported. No one seems to care about the facts or numbers. All news seem to be "The commie was wrong!" without even trying to explain what the criticism is about.
When I see the FT)reconstructed charts, I have a hard time accepting the notion that his errors were significant. He himself explains that he tries to track a quantity that is hidden from public view by using several indirect indicators. It is doomed to be approximate, but I don't see anything like a contradiction in this article. Just a mere correction.