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Krugman's review reinforces my sense that the problems with how capital is defined in Pikettey's Capital are greatly overshadowed by what is revealed by his analysis: overall trends in wealth distribution over the last 100+ years and what that implies for society.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sat Apr 12th, 2014 at 04:56:53 PM EST
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