Piketty or Marx? Capital in the Twenty-first century: a fundamental criticism by James Miller

Piketty or Marx? Capital in the Twenty-first century: a fundamental criticism

Part 1

Preliminary remarks

Thomas Piketty's 2014 book, Capital in the Twenty-first Century, made a big splash among economists and the major media when it was released in 2013. Weighing in at over 750 pages, and with several appendices, it gave the appearance of being a solid piece of work. It shot to the top of the best-seller list of Amazon.com, the New York Times and the Wall Street Journal. It received many glowing reviews, and some critical ones. It seemed to focus on the growing gap between the rich and the poor, and offered a remedy. The problem with the book is that, in terms of its analysis of capitalism, it offers nothing new, and in terms of the remedy, there's nothing new there either. By 2018 the hullaballoo had long since subsided, and millions of copies of Piketty's book, perhaps partly read or leafed through, had been quietly set aside….

Full: https://jmiller803.substack.com/p/piketty-or-marx?publication_id=850683&isFreemail=true