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"Piketty"
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El prisma de la desigualdad. Sobre la contribución de Thomas Piketty a la reflexión del presente/The prism of inequality. Piketty's contribution to the critique of the present
La obra de Thomas Piketty supone una contribución significativa para el pensamiento crÃtico. Sus tesis han renovado el alcance de la reflexión económica tradicional y canalizado su atención al estudio de la desigualdad, un asunto fundamental en el capitalismo contemporáneo cuya reflexión se impone, asimismo, a la filosofÃa social. En un intento por dar cuenta de la profundidad de su planteamiento, en las siguientes lÃneas abordamos las tesis principales de su aproximación, centrándonos particularmente en la dinámica r>g que presenta en El Capital en el siglo XXI. A continuación, examinamos las soluciones principales que propone para una mejor distribución de la riqueza y el aumento de la justicia fiscal, asà como ciertos aspectos problemáticos de su enfoque. Se concluye señalando posibles aportaciones del pensamiento pikettyano a la reflexión teórica en vinculación con las teorÃas de Streeck y Harvey.
Journal Article
Does r-g cause wealth inequality? The case of the USA
Piketty claims that the gap between the return to capital and the growth rate (r−g) governs the evolution of wealth inequality. This paper assesses its empirical validity using an IV approach and almost one century of US data. Our results are twofold: First, wealth shares are nonstationary, necessitating first differences to draw a valid inference from any econometric exercise. This is consistent with Piketty’s line of argumentation and casts doubt on studies on inequality that use inequality levels without showing the trending behavior of the data. Second, r−g played a significant role in the evolution of wealth inequality over the last century, both statistically and economically. In particular, r−g can explain over 50% of the increase in wealth inequality since the late 1970s.
Journal Article
After Piketty : the agenda for economics and inequality
Thomas Piketty's Capital in the Twenty-First Century is the most widely discussed work of economics in recent history, selling millions of copies in dozens of languages. But are its analyses of inequality and economic growth on target? Where should researchers go from here in exploring the ideas Piketty pushed to the forefront of global conversation? A cast of economists and other social scientists tackle these questions in dialogue with Piketty, in what is sure to be a much-debated book in its own right. After Piketty opens with a discussion by Arthur Goldhammer, Piketty's translator into English, of the reasons for Capital's phenomenal success, followed by the published reviews of Nobel laureates Robert Solow and Paul Krugman. The rest of the book is devoted to newly commissioned essays that interrogate Piketty's arguments. Suresh Naidu and other contributors ask whether Piketty said enough about power, slavery, and the complex nature of capital. Laura Tyson and Michael Spence consider the impact of technology on inequality. Heather Boushey, Branko Milanovic, and others consider topics ranging from gender to trends in the global South. Emmanuel Saez lays out an agenda for future research on inequality, while a variety of essayists examine the book's implications for the social sciences more broadly. Piketty replies to these questions in a substantial concluding chapter. An indispensable interdisciplinary work, After Piketty does not shy away from the seemingly intractable problems that made Capital in the Twenty-First Century so compelling for so many.-- Provided by publisher
BOOK
The Catalan Syndrome? Revisiting the Relationship Between Income and Support for Independence in Catalonia
The surge in support for independence in Catalonia (Spain) has received much political, journalistic, as well as academic attention. A popular account of the Catalan case stresses the allegation that motives relating to fiscal selfishness are behind the independence movement. The evidence presented in support of this argument is the positive correlation between income and support for independence. Some scholars, such as Thomas Piketty, even talk about a “Catalan syndrome,” according to which support for independence can ultimately be explained by fiscal selfishness and the prospect of creating a sort of tax haven in Catalonia. As prominent as this argument is, in this article I show that it rests on weak theoretical and empirical grounds. In order to do so, I reassess the existing evidence, using a more nuanced empirical strategy that allows for non-linear relations to emerge and controls for potential confounders. Then, I also present new evidence based on recently published census-tract level fiscal data, merged with election results. Finally, I spell out the mechanisms and observable implications of the “Catalan syndrome” argument and show that fiscal selfishness is not an important driver of the Catalan independence movement.
Journal Article
