In a review, Krugman, who will appear on Moyers & Company this week, calls the book “magnificent” in part because it will “change both the way we think about society and the way we do economics,” adding that the French economist’s influence “runs deep.”
“The big idea of Capital in the Twenty-First Century is that we haven’t just gone back to nineteenth-century levels of income inequality, we’re also on a path back to ‘patrimonial capitalism,’ in which the commanding heights of the economy are controlled not by talented individuals but by family dynasties.”
Picketty’s book’s been quite the topic around the blogosphere of late and here is a chance to hear from the man directly – that is if you can get past the horror that he’s French.
Thanks to Bill Moyers for the live stream. (As noted, Moyers interviews Krugman for his show this week, so look for that).