“Should be read by every scholar, writer, activist…”--Ron Paul, former U.S. Congressman “I love [it.]” A “masterful dissection.” “Fantastic!” —Dr. Arthur Laffer
If you have read or even heard about "Capital in the Twenty-First Century"—economist Thomas Piketty’s egalitarian treatise—you owe it to yourself to read Hendrickson’s powerful critique. Hendrickson combines extensive knowledge, mature wisdom, common sense, and a rare ability to render complex subjects clear and easily understood. "Problems with Piketty" shows us the grim consequences of egalitarian policies, exposes the flaws and explodes the fallacies in Piketty’s book, and presents a stirring defense of free enterprise.
Far more than just a corrective to "Capital"’s many errors, "Problems with Piketty" works well as a stand-alone teaching tool. Thanks to a detailed Table of Contents, its multiple lessons are easy to find. You may find yourself referring to this book for years to come.
“A serious and thorough analysis…”--Fr. Robert Sirico, Acton Institute
“A classic for our time.”--Dr. Yuri Maltsev, Author of Requiem for Marx
“Highly readable…a yeoman’s job”--Walter Williams, John E. Olin Distinguished Professor of Economics, George Mason University
Piketty dominates the popular / populist debate because he appeals to a common narrative: "This mess is somebody else's fault and if we just print and spend gobs of money while raising taxes to 90% on 'them' it's all gonna be great." There are even self-titled 'plutocrats' sipping wine on their Gulfstreams mimicking forms of this stunningly insupportable drivel as they fly privately to their next TEDSnack (or whatevs), hilariously orating their desire for #justice (or something).
Hendrickson clearly enumerates the common, easily discernible flaws in Pikkety's method, conclusions and recommendations. See http://tinyurl.com/tiredkrug for a recent thrashing of the Keynes, Krugmanista wishful thinkers in brief but no less compelling form. I guess Mrs. Krugman's little boy, Paul, detected the thinness of his beer (Coorsian Economics, anyone?) and in a stunning "Yea for the 1st Amendment and #free_speech except when about to get my intellectual a$$ handed to me" moment, Krugman went deep-Fascist and banned the presence of recording devices at the last minute. Impressive.