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Turning Piketty Right Side Up

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June 18, 2014

Tags EducationMedia and CultureOther Schools of Thought

6783Mises Daily Wednesday by George Reisman: In his new book, Capital In the Twenty-First Century, Piketty argues that saving and capital accumulation by wealthy capitalists serves to reduce wages while doing nothing to increase production. In real life, however, capitalists constantly make investments that increase both production and wages.

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