3. This 26-year-old grad student didn't really debunk Piketty, but what he did do i...

This 26-year-old grad student didn't really debunk Piketty, but what he did do is just as important

This is an automatically generated TL;DR, original reduced by 93%.

The student in question, Matt Rognlie of MIT, has published a paper titled "Deciphering the Fall and Rise in the Net Capital Share" that adds valuable depth and context to the discussion on wealth that Piketty inaugurated.

The nexus of the good story, the heavy politicization of Piketty, and the fact that almost nobody actually read Piketty's best-selling book have also opened the doors to confusion, and helped create a misimpression that Rognlie debunked the book's core findings.

In his book, Piketty very clearly and expressly uses the term capital as an exact synonym for wealth.

Extended Summary | FAQ | Theory | Feedback | Top five keywords: Piketty#1 Capital#2 wealth#3 Rognlie#4 housing#5

Duplicates found in /r/urbanplanning, /r/Economics, /r/economy, /r/TrueReddit and /r/POLITIC.

/r/urbanplanning Thread Link - vox.com
Previous
Next

Recently removed from /r/urbanplanning

Which US city has the most effective affordable housing policies? Throwing shade at L.A.: USC researcher measures impact of trees, or the lack of them — USC spatial scientist John Wilson discusses the benefits of more trees in the urban core, the differences between Beverly Hills and Boyle Heights, and how trees will shape L.A.’s future. French lawmakers approve a ban on short domestic flights Hi, I’m Conor Dougherty. I'm an economics reporter for The New York Times and I wrote a book called Golden Gates: Fighting for Housing in America. AMA New York City needs a public housing renaissance How urban design affects mental health If California has one of the highest income tax rates in the country but one of the lowest property tax rates...aren't they essentially punishing productivity while rewarding non-productive property ownership? NYC Skyscraper Museum-- why density is good Cities with High Bicycling Rates are Safer for all Road Users Puget Sound Regional Council proposes transit-oriented growth plan What is the advantage of trams over buses? The cul-de-sac has turned Colorado Springs into a transit desert Millennials Prioritize Owning A Home Over Getting Married Or Having Kids San Francisco Activists Demanded 100 Percent Affordable Housing From a Developer. Now They're Getting None. Montreal’s sprawl is ‘shocking’ urban planners

More Random Comments

Cat urine What’s your best diving experience? Write ‘em, Cowboy Request: Trade idea megathread Does anyone have any stories of PovertyFIRE? What can I do to be more attractive to people? AITA for not allowing my husband to stay out late at night and asking his friend to mind his own business? My stepdad (who doesn’t believe in depression) pulled me aside to tell me that if I actually wanted to kill myself, I should just do it already and stop bothering everyone. AITA for "threatening the cat" [CROSSPOST] I'm Sam Robb, and I'm running for President of the United States. Ask me anything! An ox is a castrated bull "I won't teach my kids to read." Yes, that sounds like an excellent idea. Maybe we shouldn't teach them how to eat or use a toilet either. TIFU by bodyslamming a girl who wanted to hug me. Erdogan Threatens To Recognize Genocide Of Native Americans ADVISE ME ON MY FACESHAPE! had 4 tooth extracted for braces. I read online that braces will change one’s faceshape especially after extraction. Sometimes for the worse, sometimes for the better.