![]() Throughout the book he makes some assertions that don’t square with standard economic thinking. As an economist and market enthusiast, I am not his target audience, as he makes clear in his introduction. He has written more of a manifesto than a history or economics book. In his latest book, A Brief History of Equality, Thomas Piketty rejects these assumptions. The overwhelming majority of economists agree on a few things: secure, well-defined property rights are a vital ingredient of growth people respond to incentives the economy is not zero-sum sustainable growth comes from innovations that enable us to make more from less some trade-off between equality and growth is necessary because innovation often makes some people rich, and they must be rewarded for their risk-taking and talents. A Brief History of Equality, by Thomas Piketty (Belknap Press, 285 pp., $27.95) ![]()
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