Hasnain says:

"This dearth of reaction to such a critical work is not healthy. It is as if the rapturous reception by the public increased the resentment among Piketty’s academic economist colleagues. As an appeal to the public to resolve, or at least have a say in, what the experts consider their own domain, Piketty appears to have questioned the very value of having a credentialed economics elite empowered to make policy in the name of the public interest but not answerable to public opinion. The economics elite, it seems, answered by stonewalling Capital in the Twenty-First Century, so it would not have the impact on economics research agendas that it merits."

Posted on 2017-05-13T20:15:31+0000