Phillip W. Magness

U.S. Economic & Political History

An Empirical Critique of Thomas Piketty’s “Capital in the 21st Century”

| December 29, 2014

I first became aware of Thomas Piketty’s book Capital in the 21st Century last spring, though not from the onset of “Pikettymania” amidst its skyrocketing to the top of the best seller list. Rather, a couple of faculty colleagues brought it to my attention for its data. Knowing of my own research interests in historical […]

Piketty, Saez-Zucman, and the primacy of high progressive taxation

| October 28, 2014

Earlier this year I blogged at length about a series of data errors, large and small, in Thomas Piketty’s bestselling book Capital in the 21st Century (a summary of Piketty’s remaining errors may be found here, and an extended discussion of Piketty’s misuse of Soviet Union data assumptions to produce a desired result may be found here). One of […]