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Thursday, October 9, 2014

Thomas Piketty’s Capital in the Twenty-First Century

For information purposes only. JR

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.... Piketty, who has declared himself "very much in favour of private property and private capitalism," simply wants to round the edges of the present one-sided class war that has made life so precarious for so many. Nonetheless, his book encapsulates a certain widespread misunderstanding of how capitalism works. As such, it provides a foil for the presentation of some basic Marxist economics—especially as Piketty, unlike many modern bourgeois economists, engages with Marxist ideas, however shallowly....

http://www.icl-fi.org/english/wv/1053/piketty.html

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