The Piketty Panic on the Left

I’m a philosopher and historian, not an economist, and I’m far from a Nobel Laureate, but I was surprised that Paul Krugman’s column about French economist Thomas Piketty’s influential new book described only the problem Piketty’s thesis creates for conservatives: that the facts show American society is no meritocracy. It seems to me that Piketty also creates a problem, if a more subtle one, for those of us on the moderate left. As Krugman explains in his op-ed and in a laudatory piece in the New York Review of Books , Piketty and his colleagues have drilled deep into […]