atozp0213 karma2015-10-08 19:37:50 UTC
Hi Professor Reich. I actually had a chance to attend your luncheon in Chicago and was very impressed. Thank you for taking the time to visit our city. I have a question about economics. I know you are a political economist so your probably don't delve too much into the technicals, but what are your thoughts on Piketty's book "Capital in the 21st Century"? Everyone is always going back and forth about free market vs. Keynes but Piketty basically argues that the original classical model is itself flawed. We've always assumed Cobb-Douglas where capital and labor multiply at even proportions. But he thinks there is some variable we haven't accounted for that causes capital to gain a larger share over time. His work is pretty convincing. Thoughts?
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