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veen  ·  3624 days ago  ·  link  ·    ·  parent  ·  post: Financial Times: Piketty findings undercut by errors

    For example, once the FT cleaned up and simplified the data, the European numbers do not show any tendency towards rising wealth inequality after 1970. An independent specialist in measuring inequality shared the FT’s concerns.

So if I read this correctly, his calculations on whether income equality is rising in Europe after 1970 is wrong. I wonder if that is enough to undercut his central argument though, as there are numerous other studies on rising income equality in the last decades. Haven't read the book though, but Piketty seems unimpressed by these FT findings.

My gut says that the FT is just looking for any reason to dismiss the book because its message is not something that aligns with their readers. I could be wrong though.