Forthcoming, Erasmus Journal of Philosophy and Economics
Measured, Unmeasured, Mismeasured,
and Unjustified Pessimism:
A Review Essay of Thomas Piketty’s
Capital in the Twenty-First Century
Deirdre Nansen McCloskey1
Thomas Piketty has written a big book, 577 pages of text, 76 pages of notes, 115 charts, tables, and graphs, that has excited the left, worldwide. “Just as we said!” the leftists cry. “The problem is Capitalism and its inevitable tendency to inequality!” First published in French in 2013, an English edition was issued by Harvard University Press in 2014 to wide acclaim by columnists such as Paul Krugman, and a top position on the New York Times best-seller list. A German edition came out in late 2014, and Piketty—who must be exhausted by all this—worked overtime expositing his views to large German audiences. He plays poorly on TV, because he is lacking in humor, but he soldiers on, and the book sales pile up. Mais
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