The Financial Times’ attack on Thomas Piketty - World Socialist Web Site
▻http://www.wsws.org/en/articles/2014/05/27/pers-m27.html
The Financial Times’ attack on Thomas Piketty
27 May 2014
In a series of articles over the past several days, and in a major editorial published on Monday, the Financial Times has launched a scurrilous attack on Thomas Piketty and his book, Capital in the Twenty-First Century.
The newspaper claims to have discovered serious flaws in data that undermine one of the book’s central themes—that wealth concentration is growing throughout the world, and in the United States and Europe in particular. A front-page article published over the weekend, provocatively headlined, “Thomas Piketty’s exhaustive inequality data turn out to be flawed,” asserts that the authors have found “unexplained data entries and errors in the figures underling some of the book’s key charts.”