Day: May 25, 2014

More on Piketty

Following this afternoon’s post, I decided to dig a little further into Thomas Piketty’s data spreadsheets. I’ll start with two general observations: I. Decennial Averaging Piketty seems to have an inordinate fondness for converting his data  into decennial averages. Usually this is done by the not-terribly-sophisticated technique of simply adding up annual stats (or in many cases percentage …

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