Political Cartoons

Reviewer Daniel Shuchman describes this painstakingly careful work as “less a work of economic analysis than a bizarre ideological screed.” He also suggests that Piketty’s argument that confiscatory tax rates won’t hurt growth is a groundless “breezy” assurance. In fact, Piketty’s argument is based on his rigorous econometric analysis of fifty years of data from eighteen OECD countries. Shuchman ends his review with a classic move straight out of the red-baiting playbook: “the professor ought to read ‘Animal Farm’ and ‘Darkness at Noon,’” he wrote. Awesome point!


Source: What Piketty’s Conservative Critics Get Wrong (http://thebaffler.com/blog/2014/04/what_pikettys_conservative_critics_get_wrong)